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 Sou business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is