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 $1,607,000 643,410 Contribution margin Fixed expenses 963,590 1,060,000 Net operating income (loss) $ (96,410) 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 $427,000 $680,000 $500,000 West Sales Variable expenses as a percentage of sales Traceable fixed expenses 4340 35% 4 % $253,000 $326,000 $209,000