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Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses as shown by its most recent monthly contribution format income statement: Sales $

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses as shown by its most recent monthly contribution format income statement: Sales $ 1,664,000 Variable expenses 733,240 Contribution margin 930,760 Fixed expenses 1,024,000 Net operating income (loss) $ (93,240) In an effort to resolve the problem, the company wants to prepare an income statement segmented by division. Accordingly, the Accounting Department provided the following information: Division East Central West Sales $ 424,000 $ 670,000 $ 570,000 Variable expenses as a percentage of sales 61% 30% 48% Traceable fixed expenses $ 290,000 $ 330,000 $ 208,000 Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketin

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