4 Exercise 6-11 Segmented Income Statement (L06-4) 1.16 points 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: 02:39:48 Skipped 1,652,000 Sales Variable expenses 582,120 eBook Contribution margin 1,069,880 Hint References 1,177,000 Fixed expenses Net operating income (loss) $ (107,120) 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: Hwk - Segments i Saved Help Sa 4 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: 1.16 points Division East Central West $412,000 $690,000 $550,000 8 02:39:31 Sales Variable expenses as a percentage of sales Traceable fixed expenses 46% 29% $277,000 $322,000 35% $ 197,000 Skipped eBook Required: 1. Prepare a contribution format income statement segmented by divisions, as desired by the president Hint References Division Central Total Company East West 0 0 0 0 ols ols 0 S 0 Division Total Company East Central West 0 0 0 0 11 0 0 $ 0 $ 0 $ 0 2- As a result of a marketing study, the president believes that sales in the West Division a. could be increased by 11% if monthly advertising in that division were increased by $22,000. Calculate the incremental net operating income. Incremental net operating income