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 $ 314,000 Sales Region Central $ 797,000 East $ 703,000 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) 93,000 105,000 54,000 9,100 23,000 13,000 297,100 16,900 236,000 235,000 54,000 15,800 30,000 32,000 602,800 194,200 314,000 241,000 106,000 13,500 29,000 39,000 742,500 (39,500) 13,000 22,000 35,000 $ (18,100) 39,000 22,000 61,000 $ 133,200 37,000 22,000 59,000 $ (98,500) 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 Amount % West Amount Central Amount East Amount % % % Variable expenses: Total variable expenses Traceable fixed expenses: Total traceable fixed expenses Common fixed expenses: Total common fixed expense Net operating income (loss)