etton Seved Check my work Chapter 6 Exercises and Problems 3 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 1.674,000 Variable 39.540 Contribution margin 1.684,460 index 122.000 Netto in 5.168.500 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 Dision Central le 410.000 670.000 View profes SI 211 Tweets 335.000 110,000 199.000 Required: 1. Prepare a contribution format income statement segmented by divisions 2. The Marveting Department has proposed increasing the West Division's monthly advertising by $23.000 based on the belief that it would increase tradition's sales by 20% Assuming these estimates are accurate, how much would the company's net operating Income increase (decrease the proposal is implemented 2. Would you recommend the increased advertising Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 2B ook Prepare a contribution format income statement segmented by divisions. nt nt Sales Division Total Company East Central West $ 1,674,000 $ 414,000 $ 670,000 $ 590,000 589,540 252,540 154,100 24,800 1,084,460 161,460 515,900 565,200 ances Variable expenses Contribution margin 1,084,460 $ 161,460 $ 515,900 $ 565,200 Net operating loss $ 1,084,460 Ruq Roq 2A > The Marketing Department has proposed increasing the West Division's monthly advertising by $23,000 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) if the proposal is implemented? (Do not round intermediate calculations.) Net operating income will by pdf