Losses have been incurred at Millard Corporation for some time. In an effort to isolate the problem and improve the company?s performance, management has requested that the monthly income statement be segmented by sales region. The company?s first effort at preparing a segmented statement is given below. This statement is for May, the most recent month of activity.

	Sales Region
	West		Central		East
Sales	$	314,000	$	796,000	$	703,000
Regional expenses (traceable):
Cost of goods sold		92,000		236,000		310,000
Advertising		105,000		238,000		244,000
Salaries		58,000		54,000		113,000
Utilities		8,800		16,100		14,300
Depreciation		19,000		34,000		25,000
Shipping expense		15,000		26,000		43,000
Total regional expenses		297,800		604,100		749,300
Regional income (loss) before corporate expenses		16,200		191,900		(46,300)
Corporate expenses:
Advertising (general)		14,000		39,000		37,000
General administrative expense		19,000		19,000		19,000
Total corporate expenses		33,000		58,000		56,000
Net operating income (loss)	$	(16,800)	$	133,900	$	(102,300)

Cost of goods sold and shipping expense are both variable; other costs are all fixed. Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them in the three regions given above. The three regions are about the same size, and each has its own manager and sales staff. The products that the company distributes vary widely in profitability.

Prepare a new contribution format segmented income statement for May. Show a Total column as well as data for each region. In addition, for the company as a whole and for each sales region, show each item on the segmented income statement as a percent of sales. (Note: % columns may not total due to rounding.) Round percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3). Prepare a new contribution format segmented income statement for May. Show a Total column as well as data for each region. In addition, for the company as a whole and for each sales region, show each item on the segmented income statement as a percent of sales. (Note: % columns may not total due to rounding.) Round percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3)