Wingate Company, a wholesale cistributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: In an effort to resolve the probiem, the company would like to prepare an income statement segmented by division, Accordingly, the Accounting Department has developed the following information: Required: 1. Prepare o contribution format income statement segmented by divisions. 2-0. The MarketinglDepartment has proposed increasing the West Division's monthly advertising by 525,000 based on the belief that it would increase that division's sales by 16%. Assuming these estimates ore accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? Complete this question by entering your answers in the tabs below. 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 advertising by $25,000 based on the belief that it would incresse that division's sales by 16%. 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 calculabions.)