Brabant NV of the Netherlands is a wholesale distributor of Dutch cheeses that it sells throughout the European Community. Unfortunately, the company’s profits have been declining, which has caused considerable concern. To help understand the condition of the company, the managing director of the company has requested that the monthly income statement be segmented by sales territory. Accordingly, the company’s accounting department has prepared the following statement for March, the most recent month. (The Dutch currency is the euro which is designated by €.)

Sales Territory
Europe Middle
Europe Northern
Sales € 300,000 € 800,000 € 700,000

Territorial expenses (traceable):
Cost of goods sold 93,000 240,000 315,000
Salaries 54,000 56,000 112,000
Insurance 9,000 16,000 14,000
Advertising 105,000 240,000 245,000
Depreciation 21,000 32,000 28,000
Shipping 15,000 32,000 42,000

Total territorial expenses 297,000 616,000 756,000

Territorial income (loss)
before corporate expenses 3,000 184,000 (56,000)

Corporate expenses:
Advertising (general) 15,000 40,000 35,000
General administrative 20,000 20,000 20,000

Total corporate expenses 35,000 60,000 55,000

Net operating income (loss) € (32,000) € 124,000 € (111,000)

Cost of goods sold and shipping expenses are both variable; other costs are all fixed. Brabant NV purchases cheeses at auction and from farmers’ cooperatives, and it distributes them in the three territories listed above. Each of the three sales territories has its own manager and sales staff. The cheeses vary widely in profitability; some have a high margin and some have a low margin. (Certain cheeses, after having been aged for long periods, are the most expensive and carry the highest margins.)

Prepare a new segmented contribution format income statement for May. Show a Total column as well as data for each territory. In addition, for the company as a whole and for each sales territory, show each item on the segmented income statement as a percent of sales. (Note: % columns may not total due to rounding.) (Input all amounts as positive values except losses and their percentages which should be indicated by a minus sign. Round your percentage answers to 1 decimal place.