Ferrar Corporation has two major business segments: Consumer and Commercial. Data for the segments and for the company for March appear below: Sales revenues, Consumer Sales revenues, Commercial Variable expenses, Consumer Variable expenses, Commercial Traceable fixed expenses, Consumer Traceable fixed expenses, Commercial $680,000 $280,000 $394,000 $143,000 $102,000 45,000 In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer business segment and $88,000 to the Commercial business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is: Multiple Choice $(144,000) $276,000 $423,000 $66,000