illard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them the West, Central, and East regions. Each of these regions is about the same size and each has its own manager and sales staff. he company has been experiencing losses for many months. In an effort to improve performance, management has requested that e monthly income statement be segmented by sales region. The company's first effort at preparing a segmented income statement r May is given below. 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 Sales Variable expenses: Cost of goods sold Shipping expense Total variable expenses Contribution margin ✓ ✓ Total Company Amount $ 2,000,000 X 819,400 X 77,600 x Total corporate expenses Net operating income (loss) he cost of goods sold and shipping expense are both variable. All other costs are fixed. equired: Prepare a new contribution format segmented income statement for May. (Round percentage answers to 1 decimal place.) 897,000 ✓ 1,103,000 % 100.0 41.0 3.9 West $ 312,000 44.9 55.1 98,000 106,000 54,000 9,300 20,000 17,000 304,300 7,700 16,000 19,000 35,000 $ (27,300) West Amount $ 450,000 Sales Region Central $799,000 162,900 X 17,100 € 180,000 270,000 242,000 235,000 54,000 16,200 30,000 34,000 611,200 187,800 Answer is complete but not entirely correct. Central 41,000 35,000 19,000 19,000 60,000 54,000 $ 127,800 $ (97,800) % 100.0 36.2 3.8 40.0 60.0 East $ 699,000 Amount 314,000 237,000 109,000 13,800 29,000 40,000 742,800 (43,800) 800,000 312,000 488,000 280,000 X 32,000 % 100.0 35.0 4.0 Amount 750,000 East 376,500 X 28,500 405,000 39.0 61.0 345,000 % 100.0 50.2 x 3.8 x 54.0 46.0