?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: Need Help: Please Be Precise! Thank You

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 Variable expenses $1,583,000 606,870 Contribution margin Fixed expenses 976,130 1,074,000 Net operating income (loss) $ (97,870) 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 Central $403,000 $680,000 $500,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 4996 37% $293,000 $336,000 $192,000 Required 1. Prepare a contribution format income statement segmented by divisions, as desired by the president. Division Total CompanyEast Central West