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.

The cost of goods sold and shipping expense are both variable. All other costs are fixed.

West $ 310,00 Sales Region Central $ 801,000 East $ 784,089 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) 92,000 186,00 55,800 8,700 20, see 13,90e 294,700 15,300 24e, eea 238,00 59,000 16,388 32,000 27,089 612,380 188,700 319,00 235,000 115,000 13,800 27,000 35, eee 744,800 (40,820) 17,00 21,eee 38,990 $ (22,700) 40,00 21,000 61,089 (127,780) 37,088 21,000 58,888 5 (98,890) 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: 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 Traceable fixed expenses: Total traceable fixed expenses 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0 S 0 0.0 S 0 0.0 S 0 0.0 Common fixed expenses: Total common fixed expense 0.0 Net operating income (loss) S 0 0.0