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 S 1,599.000 678 250 Contribution margin Fixed expenses 920,750 1013,000 Net operating income (loss) S (92.250) 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 Division Central $ 359,000680 000 $560,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 55% 32% 47% $295,000 $333.000 195,000 Required: 1 Prepare a contribution format income statement segmented by divisions, as desired by the president Division Central Total Company East West a resull of a marketing study the president bolieves that sales in the West Division could be advertising in that division were increased by $27000 Calculate the incremental net operaling income 2-b Would you recommend the increased advertising? O Yes O No