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: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,659,000 722,850 936,150 1,030,000 $ (93,850) 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 BASE Central Sales $ 419,000 West Variable expenses as a percentage of sales 556 $650,092 $590,000 Traceable fixed expenses $255,000 $327,0889 $193, 468 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 $23,000 based on the belief 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. Reg 1 Red 2A Reg 28 Prepare a contribution format income statement segmented by divisions. Division Total Company East Central West 0 0 0 0 Sales Variable expenses Contribution margin Traceable fixed expenses Divisional segment margin Common fixed expenses not traceable to divisions Net operating loss 0 0 $ 0 $ 0 $ $ 0 Rog" Req 2A >