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 $ 311,800 Sales Region Central $ 798,eee East $ 702, eee Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense Total regional expenses Regional income (loss) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) 99,800 107,809 58 , 8,500 21,899 16,800 399,500 1,500 243, eee 243, eee 53,000 15,800 33, eee 25, eee 612, Bee 185, 280 318,000 239,000 112, ee 13,988 26,888 36, eee 744,900 (42,900) 17, eee 20, eee 37,898 $ (35,500) 38, eee 20, eee 58, eee $ 127,200 36,898 20,888 56,000 $ (98,990) 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.) West Total Company Amount Central Amount East Amount Amount % % Sales 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 0 0.0 0 0.0 $ 0 0.01$ 0 0.0 S 0 0.0 Common fixed expenses: Total common fixed expense 0 0.0 Net operating income (loss) $ 0 0.0