Data for January for Bondi Corporation and its two major business segments, North and South, appear below. Sales revenues, North. Variable expenses, North Traceable fixed expenses, North Sales revenues, South Variable expenses, South Traceable fixed expenses, South $640,000 $ 371,300 $ 76,500 $ 493,900 $281,800 $ 63,900 In addition, common fixed expenses totaled $173,300 and were allocated as follows: $90,000 to the North business segment and $83,300 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 O $192,200 $102,200 $178,700 $371,300