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 companys first effort at preparing a segmented income statement for May is given below.

Problem 6-26 (Algo) Restructuring a Segmented Income Statement (LO6-4) 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 Sales Region Central East $ 798,000 $ 698,000 Sales $ 310,000 95,000 107,000 57,000 9,200 20,000 16,000 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) 245,000 238,000 57,000 15,800 29,000 25,000 609,800 188,200 313,000 238,000 106,000 13,900 28,000 40,000 738,900 (40,900) 304, 200 5,800 16,000 18,000 34,000 $ (28, 200) 42,000 18,000 60,000 $ 128, 200 36,000 18,000 54,000 $ (94,900) 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.) Total Company West Central East Amount % Amount % Amount % Amount % Sales Variable expenses: Cost of goods sold Shipping expense 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 0 0.0 Traceable fixed expenses: Salaries Utilities Advertising Depreciation 0 0.0 0 0.0 0 0 0.0 Total traceable fixed expenses Regional segment margin Common fixed expenses: 0.0 0.0 0 0.0 $ 0 0.0 $ 0 $ 0 0.0 General administration Total common fixed expense 0 0.0 Net operating income (loss) $ 0 0.0