Exercise 6-11 (Algo) Segmented Income Statement (L06-4) 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: Salon Variable expo Contribution margin Tixed expenses Het operating incon los $1.569,000 63.160 933,840 1,025,000 $ 193, 1603 In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. According the Accounting Department has developed the following information East $60,000 DVD central 303,000 130,000 253,000 320 Variable expenses percent of sales Trache fixed Required: 1. Prepare a contribution format income statement segmented by divisions 2. The Marketing Department has proposed increasing the Won's monthly overcing by $27000 based on would increase division's sales by Assuming these estimates we now mich would them Income increase ide the proposals med 2-1 Would you recommend the increased indersing Complete this question by entering your answers in the tabs below