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ises Saved Help Save & Exit Submit Check my work 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 (los) $ 1,597,000 508, 440 1,088,560 1,197,000 $ (108,440) 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 an a percentage of wales Traceable fixed expenses East $417,000 424 $276,000 Division Central $650,000 261 $334,000 West $530,000 311 6202,000 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 $28,000 based on the belief that it would increase that division's sales by 11%. 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 nmniate betinn hentarne in the she has Saved Help Save & Exit Check LU. VYUUIU yuu IELUCHUMIC RILICOS QUVCHI: Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 11%. 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 Saved Help Save & CH 2. Wuuu yuu ILMU u edeu query! Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Would you recommend the increased advertising? Yes IONO