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	$	1,670,000
Variable expenses		603,000
Contribution margin		1,067,000
Fixed expenses		1,174,000
Net operating income (loss)	$	(107,000)

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
	East			Central			West
Sales	$	410,000		$	690,000		$	570,000
Variable expenses as a percentage of sales		51	%		29	%		34	%
Traceable fixed expenses	$	275,000		$	323,000		$	206,000

Required:

1.	Prepare a contribution format income statement segmented by divisions, as desired by the president.