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 Esst regions. Esch 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 et preparing a segmented income statement for May is given below. West $ 312,080 Sales Region Central East $ 8e2,828 $724,820 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 inconte (loss) 99.000 101,ge 56.08e 8.800 24.000 13,22e 301,880 10, 280 236,80 240,eee 58,ege 16,120 31,080 27.ee GB, 180 193,900 311.ee 244,020 109,000 14,280 26,eee 28.02e 742,220 (38,280) 18.000 21,080 39,828 $ (28.80 38,80 21, eee 59,620 $ 134,920 34.Be 21,00 55,80 $ (93,280) The cost of goods sold and shipping expense are both variable. All other costs are fixed. Required: 3. Prepare a new contribution formet segmented income statement for May. (Round percentage answers to 1 decimal place.) Weat Total Company Amount Central Amount East Amount Amount % Variable expenses: Total variable expenses Traceable fixed expenses Total traceable fixed expenses Common fixed expenses: Totalcommon forced expense Net operating income (loss)