Total Company West Central East Amount Amount Amount Amount Sales Variable expenses 0.0 0.0 0.0 Total variable expenses 0.0 0.0 0.0 0 0.0 0.0 Traceable fixed expenses 0.0 0.0 $ Total traceable fixed expenses 0.0 0.0 0.0 0.0$ 0.0$ 0.0 Common fixed expenses: Total common fixed expense 0.0 Net operating income (loss) 0.0 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 805,000 West East Sales 313,000 704,000 Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation Shipping expense 95,000 103,000 56,000 9,200 19,000 17,000 299,200 239,000 240,000 53,000 16,100 31,000 27,000 606,100 319,000 243,000 114,000 13,600 29,000 42,000 760,600 Total regional expenses Regional income (loss) before corporate expenses 13,800 198,90056,600 Corporate expenses: 16,000 20,000 36,000 $ (22,200) 43,000 20,000 63,000 36,000 20,000 56,000 Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) 135,900 (112,600) 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.)