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 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) Sales Region West $ 312,000 Central $ 798,000 East $ 695,000 97,000 241,000 313,000 109,000 240,000 241,000 55,000 59,000 114,000 9,200 15,900 13,900 22,000 33,000 27,000 15,000 28,000 41,000 307,200 616,900 749,900 4,800 181,100 (54,900) 14,000 39,000 36,000 21,000 21,000 21,000 35,000 60,000 57,000 $ (30,200) $ (121,100) $ (111,900) 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.)