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 Central $ 803,000 Weat East Sales $ 313,000 $ 701,000 Regional expenses (traceable): Cost of goods sold Advertising Salaries 92,000 102,000 55,000 8,600 21,000 14,000 292,600 20,400 235, 000 236,000 60,000 15, 900 34,000 27,000 607,900 195,100 315, 000 241,000 109,000 14,000 27,000 38,000 744,000 (43,000) Utilities Depreciation Shipping expense Total regional expenses Regional income (loss) before corporate expenses Corporate expenses Advertising (general) General administrative expense Total corporate expenses 40,000 20,000 60,000 12,000 20,000 32,000 $ (11, 600) 36,000 20,000 56, 000 (99,000) $135,100 Net operating income (loss) 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 West Central East Amount % Amount % Amount % Amount % Variable expenses Total variable expenses 0.0 0 0.0 0 0.0 0 0.0 0.0 0 0.0 0 0.0 0 0.0 0 Traceable fixed expenses Check my wc w.w 0.0 0 0.0 0 0.0 0 0 0.0 Traceable fixed expenses: 0.0 0.0 0 0 0.0 0 0.0 Total traceable fixed expenses 0 0.0 0.0 S 0 0.0 $ 0.0 $ 0 0 Common fixed expenses: 0.0 Total common foxed expense 0.0 Net operating income (loss) 0