1 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: 3 points Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,631,000 574,940 1,056, 060 1, 162,000 $ (105,940) eBook 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: Hint Sales Variable expenses as a percentage of sales Traceable fixed expenses Print Division Central $630,000 27% $321,000 East $411,000 54% $278,000 West $590,000 31% $204,000 n References 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 $29,000 based on the belief that it would increase that division's sales by 19%. 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 1 Reg 2A Req 2B Prepare a contribution format income statement segmented by divisions. Division