Problem 7-26 Restructuring a Segmented Income Statement (L07-4) 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 stat 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 900,000 Regional expenses traceables Coat of good old vertising 239.00 745,600 Depreciation hiring expense Total regional expenses Regional income (less) before corporate expenses Corporate expenses Advertising (general) General administrative expense Total corporate expenses Met operating income (los) 120.00 96.00 The cost of goods sold and shipping expense are both variable. Al other costs are fixed. Required: 3. Prepare a new contribution format segmented income statement for May (Round percentage answer Total Company Amount West Amount Central Amount Amount Tolerable feed expenses Connon feed experts