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: $ 1,556,000 536,540 Sales Variable expenses Contribution margin Fixed expenses 1,019,460 1,121,000 Net operating income (loss) $ (101,540) 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: Division Central East West Sales $436,000 $610,000 $510,000 37% Variable expenses as a percentage of sales Traceable fixed expenses 49% 22% $280,000 $332,000 $191,000 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 $22,000 based on the belief that it would increase that division's sales by 12%. 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 Req 1 Req 2A Req 2B Prepare a contribution format income statement segmented by divisions Req 1 Req 2A Req 2B Prepare a contribution format income statement segmented by divisions. Division Central Total Company East West by Net operating income will