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ation Assignment i Saved FIVNICIII U-ZU JAIYU) RESuuctully a SeyIIIEMILEU IIIQUITE SLALEHIIEIRL [LUV-4] 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 West| Central East Sales $ 311, 090 $ 796 , 000 $ 701, 000 Regional expenses (traceable) : Cost of goods sold 90 , 006 244, 000 312, 000 Advertising 106 , 006 241, 000 239, 000 Salaries 57 , 060 60,000 112, 006 Utilities 8 , 660 15, 700 14, 006 Depreciation 18 , 060 29 , 006 28 , 000 Shipping expense 16 , 006 27,000 43,000 Total regional expenses 295 , 600 616 , 700 748, 000 Regional income (loss) before corporate expenses 15 , 400 179 , 300 (47, 000 Corporate expenses : Advertising (general) 13 , 006 37, 000 32, 000 General administrative expense 18 , 000 18 , 000 18 , 000 Total corporate expenses 31, 000 55, 000 50,000 Net operating income (loss) $ (15, 600) $ 124, 300 $ (97, 000) 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.) (DELL Q Search

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