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 $ 313,000 Sales Region Central East $ 802,000 $ 696,000 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) 96,000 107,000 50,000 8,900 20,000 18,000 299,900 13, 100 238,000 244,000 51,000 15,800 33,000 30,000 611,800 190,200 319,000 242,000 114,000 14,200 30,000 44,000 763,200 (67,200) 14,000 21,000 35,000 $ (21,900) 39,000 21,000 60,000 $ 130,200 38,000 21.000 59,000 $(126,200) 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.)