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 $554,000 $321,500 $ 66,300 $ 428,000 $244,200 $ 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: Multiple Choice Multiple Choice $88,200 $321,500 $166,200 O $154,500