value: 1.00 points 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, which follows: Sales Variable expenses $1,636,000 561,440 Contribution margin Fixed expenses 1,074,560 1,182,000 Net operating income (loss) $ (107,440) In an effort to isolate the problem, the president has asked for an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Central $436,000 $680,000 $520,000 ast Sales Variable expenses as a percentage of sales Traceable fixed expenses 44% 23% 41% $265,000 $328,000 $200,000 Required: 1. Prepare a contribution format income statement segmented by divisions, as desired by the president. ivision Total Company East West ales riable expenses n margin raceable fixed expenses visional segment margin n fixed expenses not traceable to divisions t operating loss 2-a. As a result of a marketing study, the president believes that sales in the West Division could be increased by 17% if monthly advertising in that division were increased by $26,000. Calculate the incremental net operating income