Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes thern 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 6313,000 Sales Region Central Et 10000 $ 699,000 Sales Regional expenses (traceable) Coot of goods sold Advertising Salaries Utilities Depreciation Shipping expense Total regional expenses Regional income (1) before corporate expenses Corporate expenses Advertising (general) General administrative expense Total corpore expenses Het operating income icon 93,000 109.000 59.000 8,500 22.000 12.000 502, 900 SO100 242,000 243,000 57,000 16.300 25,000 34.000 620, 300 280, 700 310.000 240.000 113,000 $1,000 29,000 44000 1750.000 (2.000) 13,000 20,000 35,000 $22.900) 11.000 20,000 6000 119,700 36,000 20,000 56,000 6107.000 The cost of goods sold and shipping expense are both variable. All other costs are fixed Required: 3. Prepare a new contribution format segmented income statement for May (Round percentage answers to 1 decimal place.) Total Company West Central Prepare a new contribution format segmented income statement for May. (Hound percentage answers to 1 decimal place.) Total Company Amount West Central East Amount Amount Amount % Variable expenses Total variable expenses 0 0 0 0.0 0.0 0.0 00 0.0 0.0 0,0 001 0 0 0 0 Traceable fixed expenses Total traceable fixed expenses 0.0 0 0 0.0 0.0 0.05 00 0.05 0 0,05 0 0 0 0.0 Common foced expenses 0 0.01$ 0 0.01$ 0 00 0.0 Common faced expenses 0.01s 0 0 Total common forced expense Net operating income foss) 0.0 0.0 $ 0