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. West $ 313,000 Sales Region Central $ 801,000 East $ 698,000 Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense Total regional expenses Regional income (loss) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) 98,000 107,000 51,000 9,400 24,000 15,000 304,400 8,600 239,000 243,000 60,000 16,400 34,000 33,000 625,400 175,600 311,000 236,000 107.000 14,200 27,000 41,000 736,200 (38,200) 17,000 21,000 38,000 $ (29,400) 42,000 21,000 63,000 $ 112,600 37,000 21,000 58,000 $ (96,200) 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.) Total Company Amount % West Amount Central Amount East Amount % % % Variable expenses: Total variable expenses 0 0 . 0 0 0 0. 0 0. 0 0 0.0 0 0. 00 0. 00 0. 00 0.0 Traceable fixed expenses: Total traceable fixed expenses 0 0 0 0 0 0 0 0. 0.0 0. 0.0 0. 0.0 0.0 0.0 T 0 $ 0 $ 0 $ 0 Common fixed expenses: Total common fixed expense Net operating income (loss) 0.0 0.0 $ 0