0 5 ints Sapped 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) $1,512,000 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 elbook East Sales $362,000 Central $610,000 540,000 Variable expenses as a percentage of sales H 10 10 Print References Traceable fixed expenses Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $24,000 based on the belief that would increase that division's sales by 13% Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented 2-b Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. Reg A Reg 28 Prepare a contribution format income statement segmented by divisions Total Conventry East Cal West 5 Scoped 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 Het operating Income (loss) $1,512,000 515,300 $99.00) 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 Sales East $362,000 Central Nest $540,000 Hoe Variable expenses as a percentage of sales Trainable fixed expenses $263,000 $334,000 Required: 1. Prepare a contribution format income statement segmented by divisions 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $24,000 based on the belief that it would increase that division's sales by 12% Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b Would you recommend the increased advertising Complete this question by entering your answers in the tabs below. A Prepare a contribution format income statement segmented by divisions Division