Exercise 6-11 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 marain Fixed expenses Net operating income (loss) $1,701,000 699,280 1,001,720 1,102,000 (100,280) 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: Division Central $411,000 $700,000 $590,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 48% 38% 40% $285,000 $339,000 $191,000