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 formot income statement: 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: Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's manthly advertising by $25,000 based on the belief that it would increase that divsions sales by 17k. Assuming these estimates are accurate, how much would the company's net operating income inciease (decrease) if the proposal is implemented? 2.b. Would you recommend the increased advertising? Prepare a contribution format income statement segmented by divisions. Complete this question by entering your answers in the tabs below. The Marketing Department has proposed increasing the West Division's monthly adyertising by $25,000 based on the belief that it would increase that division's sales by 17%. Assuming these estimates are Necurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Would you recommend the increased advertising