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 Contribution margin Fixed expenses Net operating income (loss) $ 1,642.000 654,960 987,040 1,086,000 $ (98,960) 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 $ 630,000 East West S 432,000 S 580,000 Sales Variable expenses as a percentage of sales Traceable fixed expenses 58 % 20% 48 % 286,000 339,000 S 195,000