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. points 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. Skipped West $ 311,000 Sales Region Central $ 803,000 East $ 699,000 eBook Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense Total regional expenses 92,000 103,000 60,000 9,300 23,000 12,000 299, 300 245,000 236,000 58,000 15,900 33,000 26,000 613,900 312,000 245,000 109,000 13,900 25,000 42,000 746,900 Print 11,700 189,100 (47,900) References Regional income (loss) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) 16,000 19,000 35,000 $ (23,300) 38,000 19,000 57,000 $ 132,100 32,000 19,000 51,000 $ (98,900) The cost of goods sold and shipping expense are both variable. All other costs are fixed. 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 0 $ 0 $ 0 $ 0 Common fixed expenses: 0.0 Total common fixed expense Net operating income (loss) $ 0 0.0