Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some sime, as shown by its most recent monthly contribution format income statement: In an effort to resolve the problem, the company would like to prepare on income statement segmented by divislon. Accordingly, the Accounting Department has developed the following information. Required: 1. Prepare a contribution format income statement segmented by divisions 2. The Marketing Department has proposed increasing the West Division's morithly advertising by $23,000 based on the belief thot it. would increase that division's sales by 19%. Assuming these estimates are occurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2b Would you tecommend the increased advertising? Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement segrnented by divisions