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

Sales revenues, North $ $673,000$

Variable expenses, North $ $390,600$

Traceable fixed expenses, North $ $80,600$

Sales revenues, South $ $520,300$

Variable expenses, South $ $296,900$

Traceable fixed expenses, South $ $67,400$

In addition, common fixed expenses totaled $$182,700$ and were allocated as follows: $$94,900$ to the North business segment and $$87,800$ 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

$$106,900$

$$390,600$

$$201,800$

$$187,500$