I need hep with required question #3

Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them in the West, Central, and East regions. Each of these regions is about the same size and each has its own manager and sales staff. The company has been experiencing losses for many months. In an effort to improve performance, management has requested that the monthly income statement be segmented by sales region. The company's first effort at preparing a segmented income statement for May is given below. Sales Region West Central East Sales $ 312,000 $ 800,000 $ 700,000 Regional expenses (traceable): Cost of goods sold 97,000 243,000 314,000 Advertising Salaries 109,000 240,000 237,000 Utilities 56,000 54,000 107,000 Depreciation 8,700 15,700 14,200 19,000 34,000 26,000 Shipping expense 17,000 27,000 44,000 Total regional expenses 306,700 613,700 742,200 Regional income (loss) before corporate expenses 5,300 186,300 (42,200) Corporate expenses: Advertising (general) 13,000 43,000 36,000 General administrative expense 19,000 19,000 19,000 Total corporate expenses 32,000 62,000 55,000 Net operating income (loss) $ (26,700) $ 124,300 $ (97,200) The cost of goods sold and shipping expense are both variable. All other costs are fixed. Required: 3. Prepare a new contribution format segmented income statement for May. (Round percentage answers to 1 decimal place.) Type here to search O 40% 9:33 PM 9/10/2020