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 51,653,000 Variable expenses 649, 150 Contribution margin 1,003,050 Fixed expenses 1.184,000 Het operating income (Loss) 3. (100.150) 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 Central West Sales $ 305,000 5.690,000 5500,000 Variable expenses as percentage of sales 38% 395 Traceable fixed expenses $ 23,000 5 333,000 201.000 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 $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 of the proposal is implemented? 2-6. Would you recommend the increased advertising East Complete this question by entering your answers in the tabs below. RG 2 Rega