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 $ 310,880 Sales Region Central $ 799,080 East $ 7e1,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) 99,880 182,880 53,889 9,880 23,880 17,880 393,880 7.000 238,eee 245, eee 52,eee 15,6ee 38,6ee 34.ee 614,6ee 184,40e 319,6ee 244,00 110,eee 13,900 27.eee 37,600 750,900 (49,980) 13,080 19,889 32,880 $ (25,880) 41,eee 19,60e 60.eee (124,400) 35,eee 19.ee 54,600 $ (103,980) 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.) Central East Total Company Amount % West Amount Amount % Amount % 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 Traceable fixed expenses Total traceable fixed expenses 0 0 0.0 0.0 0.01$ 0.0 0.01 s 0.0 0.01 s 0 0 0 0 0.0 Common fixed expenses 0 0.0 Total common fixed expense Net operating income (loss) $ 0 0.0