Data for January for Bondi Corporation and its two major business segments, North and South, appear below:

Sales revenues, North	$	587,000
Variable expenses, North	$	340,600
Traceable fixed expenses, North	$	70,200
Sales revenues, South	$	453,200
Variable expenses, South	$	258,600
Traceable fixed expenses, South	$	58,600

In addition, common fixed expenses totaled $158,900 and were allocated as follows: $82,500 to the North business segment and $76,400 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

• $93,700

• $340,600

• $176,200

• $163,900