Data for January for Bondi Corporation and its two major business segments, North and South, appear below: Sales revenues, North $594,000 Variable expenses, North $344,800 Traceable fixed expenses, North $ 71,100 Sales revenues, South $459,000 Variable expenses, South $262,000 Traceable fixed expenses, South $ 59,500 In addition, common fixed expenses totaled $161,300 and were allocated as follows: $83,800 to the North business segment and $77,500 to the South business segment A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is: Multiple Choice $94,300 $344.800 $178,100 $165,400