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 East $ 796,000 $ 701.000 Sales Regional expenses (traceable): Cost of goods sold Advertising Salarios Utilities Depreciation Shipping expense Total regional expenses Regional income (los) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) 93,000 102,000 59,000 8,900 21,000 13,000 296, 900 16,100 240,000 242,000 57,000 16,100 33,000 29,000 617,100 178,900 316,000 243,000 113,000 13,800 29,000 40,000 754,800 (53,800) 16,000 21,000 37,000 $ (20,900) 37,000 21,000 58,000 $ 120,900 34,000 21.000 55,000 $(108,800 The cost of goods sold and shipping expense are both variable. All other costs are fixed. Variable expenses: Total variable expenses 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0 Traceable fixed expenses: Total traceable fixed expenses 0 0.0 0 0.0 0.01$ 0.0 0.05 0 0 0.0 0.0 0 0 0.0 $ 0 Common fixed expenses 0 0.0 Total common fixed expense Net operating income (los) $ 0 0.0