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 Het operating income (loes) $1,554,000 545,700 1,008,300 1,109,000 (100,7001 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 Bales Variable expenses as percentage of sales East $354,400 271,000 Central $690,000 $337,000 West $10,000 25 354 3209.000 Required: 1. Prepare a contribution format income statement segmented by divisions 2-6. 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 19%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2- Would you recommend the increased advertising? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Rex 3 Req2A Prepare a contribution format income statement segmented by divisions. Caton C