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 3; 1,578,000 Varlable expenses 609,780 Contribution margin 968,220 Fixed expenses 1,065,000 Net operating income (loss) $ (96,780) 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 East Centrai. Nest Sales 5 418,000 $ 620,000 $ 540,000 Variable expenses as a percentage of sales 6196 2595 3795 Traceabte fixed expenses is 281,000 $ 332,000 $ 198,000 Requireli: 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 $21,000 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. Prepare a contribution format income statement segmented by divisions