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 Region Central $ 796,000 West $ 312,000 Sales East $ 698,000 Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense otal regional expenses Regional income (loss) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) 99,000 106,000 54,000 9,100 21,000 15,000 304,100 7,900 236,000 236,000 57,000 16,500 32,000 31,000 608,500 187,500 313,000 235,000 106,000 13,800 29,000 42,000 738,800 (40,800) 16,000 21,000 37,000 $ (29,100) 40,000 21,000 61,000 (126,500) 34,000 21,000 55,000 $ (95, 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.) West Central East Total Company Amount % Amount % Amount % Amount % Variable expenses: