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 S 1,635,000 587,250 Contribution margin Fixed expenses 1,047,750 1,153,000 Net operating income (loss) $ (105,250) 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 $435,000 $690,000 $510,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 59% 25% 31% $268,000 $324,000 $209,000