6 17 points Skipped Book Exercise 7-11 (Algo) Segmented Income Statement [LO7-4] 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) $ 1,574,000 511,440 1,062,560 1,169,000 $ (106,440) 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: Ask Print East Sales $ 404,000 Division Central $610,000 West $560,000 Variable expenses as a percentage of sales Traceable fixed expenses 461 249 326 $ 257,000 $332,000 $ 198,000 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 $28,000 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. Req 1 Req 2A Req 28 Prepare a contribution format income statement segmented by divisions, Division Total Company East Central West 0 0 0 05 05 05 0 $