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: In an effort to resolve the problers, 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 monthly advertising by $21,000 based on the bellef that it would increase that division's sales by 20%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|l|} \hline Sales & Total Com & \\ \hline Contribution margin expenses & \\ \hline \end{tabular} Req 2A > that it would increase that division's sales by 20%. Assuming these estimates are a net operating income increase (decrease) if the proposal is implemented? (Do not Would you recommend the increased advertising? YesNo