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The company has been experiencing losses for many months. In an effort to improve profits, management prepared the segmented income statement for May as shown below. 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. Note: Round percentage answers to 1 decimal place. \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Total Company } & \multicolumn{2}{|c|}{ West } & \multicolumn{2}{|c|}{ Central } & \multicolumn{2}{|c|}{ East } \\ \hline & Amount & % & Amount & % & Amount & % & Amount & % \\ \hline & & & & & & & & \\ \hline \multicolumn{9}{|l|}{ Variable expenses: } \\ \hline & & & & & & & & \\ \hline & & & & & & & & \\ \hline 7 & & & & & & & & \\ \hline & & & & & & & & \\ \hline Total variable expenses & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 \\ \hline & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 \\ \hline \multicolumn{9}{|l|}{ Traceable fixed expenses: } \\ \hline & & & & & & & & \\ \hline & & & & & & & & \\ \hline & & & & & & & & \\ \hline 7 & & & & & & & & \\ \hline & & & & & & & & \\ \hline 7 & & & & & & & & \\ \hline Total traceable fixed expenses & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 \\ \hline & 0 & 0.0 & 0 & 0.0 & 0 & 0.0 & $ & 0.0 \\ \hline \end{tabular}

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