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 $ 313,000 Central $ 803,000 East $ 696,000 94,000 102,000 239,000 240,000 319,000 236,000 52,000 57,000 113,000 9,200 16,100 13,800 23,000 20,000 27,000 18,000 30,000 40,000 298,200 610,100 748,800 14,800 192,900 (52,800) 16,000 42,000 33,000 21,000 21,000 21,000 37,000 63,000 54,000 $ (22,200) $ (129,900) $ (106,800) 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 Comnanu Wast Central Fast