Check my work 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 (losa) $ 1,571,000 586,020 984, 980 1,083,000 $ (98,020) 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 Variable expenses as a percentage of sales Traceable fixed expenses East 5371,000 420 $296,000 Division Central $690,000 358 $335,000 West $510,000 378 $ 205,000 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 $25,000 based on the belief that it would increase that division's sales by 14%. 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 enterina vour answers in the tabs below