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 West Central Kast Sales 5 313,000 $ 800,000 $ 599,000 Regional expenses (traceable) coot of goods sold 96,000 235,000 319,000 Advertising 104,000 235,000 241,000 Salaries 57,000 55,000 111,000 Utilities 9,100 16,300 13,700 Depreciation 20,000 31.000 27,000 Shipping expense 13,000 34,000 41,000 Total regional expenses 299, 100 606, JOO 752.700 Regional income (108) before corporate expenses 13,900 193,700 (53.700) Corporate expenses Advertising (general) 16,000 38,000 33,000 General administrative expense 20.000 20.000 20,000 Total corporate expenses 36,000 58.000 53,000 Net operating income (losa) $ (22,100) (135,700) $ (106,700) 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 Company Amount % West Amount Central Amount East Amount % % Variable expenses Den 25 33 Maue