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

Sales revenues, North	$	554,000
Variable expenses, North	$	321,500
Traceable fixed expenses, North	$	66,300
Sales revenues, South	$	428,000
Variable expenses, South	$	244,200
Traceable fixed expenses, South	$	55,400

In addition, common fixed expenses totaled $150,200 and were allocated as follows: $78,000 to the North business segment and $72,200 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:

• $88,200

• $321,500

• $166,200

• $154,500