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. ales Reg Central 797, een East $ 310, eee $ 698,eee 9e, eee 106,000 52.ee 9, 10e 19,00 238, eee 236,000 55, eee 16, 200 34 Dee Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense Total regional expenses Regional income (loss) before corporate Corporate expenses Advertising general) General administrative expense Total corporate expenses Net operating income (loss), 314, ee 238 og 187.apa 13, see 28 Dee 36 deg 86, sea 48/sey 584, 2 1928 00 Deo 1A 128, 8ee5 (95see 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.)