Exercise 6-11 (Algo) Segmented Income Statement [LO6-4] 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 $ 1,594,000 Variable expenses 555,000 Contribution margin 1,038,940 Fixed expenses 1,143,000 Net operating income (loss) $ 104,660) 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: Division East Central West Sales $ 374,000 $ 650,000 $570,000 Variable expenses as a percentage of sales 54% 21 38% Traceable fixed expenses $ 294,000 $329,000 $ 200,000 Required: 1. Piepare a contribution format income statement segmented by divisions 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $24.000 based on the belief that it would increase that division's sales by 10% Assuming these estimates are accurate, how much would the company's net operating Income increase (decrease if the proposal is Implemented? 2b. Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. Reg 1 Req ZA Reg 20