C etornhecducation.com/hrn.tpx Wingate Company, a wholesale distributor of electronic equipment, has been experioncing losses for some time, as shown by its most recent monthly contribution format income statement, which follows S 1,577,000 625,210 951,790 1,047,000 Fixed expenses Net operating income (loss) S (95,210) In an effort to isolate the problem, the president has asked for an income statement segmented by division Accordingly the Accounting Department has developed the following information $407,000 $610,000 $560,000 Variable expenses as a percentage of sales Traceable fioxced expenses 43% 38% 39% $285,000 $322,000 $201,000 Required cont Division Total Company East Central West 01 s (hp)