Check my w Exercise 6-11 (Algo) Segmented Income Statement [LO6-4] Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement Sales Variable expenses Contribution margin Fixed expenses $ 1,596,000 665,560 930,440 1,023,000 Net operating Income (loss) $ (92,568) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Sales East $ 376,000 Variable expenses as a percentage of sales Traceable fixed expenses 61% $ 259,000 Division Central $660,000 33% $ 332,000 West $560,000 39% $ 202,000 Required: 1 Prepare a contribution format income statement segmented by divisions. < Prev 4 of 7 Next >