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 $ 1,685,000 Variable expenses 649,250 Contribution margin 1,035,750 Fixed expenses 1,139,000 Net operating income (loss) $ (103,250) 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 East Central West Sales $ 435,000 $ 660,000 $ 590,000 Variable expenses as a percentage of sales 47% 37% 34% Traceable fixed expenses $ 282,000 $ 335,000 $ 193,000 Required: 1. Prepare a contribution format income statement s