Exercise $7-11($Algo$)$ Segmented Income Statement $[$LO$7-4]$

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

Variable expenses

Contribution margin

Fixed expenses

Net operating income $($loss$)$

$\backslash$table$[[$$$1,527,000$