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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, which follows: Sales 1,614,000 650,560 Variable expenses 963,440 Contribution margin 1,060,000 Fixed expenses (96,560) Net operating income (loss) 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: Division East Central West $414,000 $680,000 $520,000 Sales 36% 43% Variable expenses as a percentage of sales 44% $259,000 $336,000 $206,000 Traceable fixed expenses Required: 1. Prepare a contribution format income statement segmented by divisions, as desired by the president. Division Central Total Company East West