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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 (loss) $ 1,594, eee 623,580 970, 420 1,867, $ (96,580) 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 5394,000 47% 3277,800 Division Central $640,000 37% $321,000 West 5560,000 36% $194,000 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 $27,000 based on the belief that it would increase that division's sales by 15% Assuming these estimates are accurate how much would the company's net operating Income increase (decrease) if the proposal is Implemented? 2-6. Would you recommend the increased advertising Complete this question by entering your answers in the tabs below. Reg 1 Req ZA Reg 28 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Prepare a contribution format income statement segmented by divisions. Division Total Company East Central West 0 0 0 0 0 S 0 $ 0 S 0 Req 2A > 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 $27.000 based on the belief th would increase that division's sales by 15%. Assuming these estimates are accurate how much would the company's net operating Income Increase (decrease) If the proposal is implemented? 2-6. Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 20 The Marketing Department has proposed increasing the West Division's monthly advertising by $27.000 based on the belief that it would increase that division's sales by 15%. 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