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 West East Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense 98,000 106, 000 56, 000 8, 5 18,000 18, 34, 500 238, 000 241,000 52,000 15,900 29,000 26, 311, 244,000 114, 13, 700 29,000 42,000 753, 70G0 Total regional expenses Regional income (loss) before corporate expenses8,500202, 100 (57, 700) Corporate expenses: Advertising (general) General administrative expense 35,000 19, 54,000 S (24, 500) 141,100 $(111,700) 14,000 19, 33,000 42,000 19,000 61, Total corporate expenses Net operating income (loss)