Check my wc 1 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: 10 points Sales Variable expenses Contribution margin Tixed expenses Het operating income (los) $ 1,000,000 390.000 610,000 625.000 (15.000) Book Hint 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: Divine East Central Sales $ 250,000 $400,000 150,000 Variable expeneus & proutage of sales 525 301 401 traceable fixed expenses $160,000 $ 200,000 $ 175,000 Pit Deboren Required: 1. Prepare a contribution format income statement segmented by Misions 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by 515,000 based on the belief that it would increase that division's sales by 20%. Assuming these estimates are accurate. how much would the company's net operating Income increase (decrease) ir the proposalis Implemented? 2-b. Would you recommend the increased advertising