Milard 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 Central 791,600 313,000 700.000 Sales Regional expenses traceable) Coat of de wid Advertising 242.000 240.000 54,000 16,200 314,000 237.000 107,000 13,600 6 10.000 760 176,00 45.00 745.650 25,600) Dilities Depreciation Shipping expense Total regional expenses Regional no (los) before corporate expenses Corporate e penet Advertising general) Denerali tative spe Total corporate expenses Het operating income (les) 38,000 33,000 5 (21.300) 120.000 (96.600) 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) Total Company Amount West Amount Amount - Sales Variable expenses Cost of goods Shiborg experte LLLL Total variable expenses Contribution margin Trable fare expenses Advertising Depreciation TTTTT Torfaders Regional sementary Contmon fand expenses Advertising (peneral) General administrative Totalcommon feed expense Net operating Income Oss)