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 $ 1,587,000 Variable expenses 584,760 Contribution margin 1,002,240 Fixed expenses 1, 102,000 Net operating income (Loss) $ (99,760) 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 Central Sales West $.417,000 $ 600,000 Variable expenses as a percentage of sales $570,000 Traceable fixed expenses 48% 28 388 252,000 $ 340,000 $ 190,000 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 $25.000 based on the belief that it would increase that division's sales by 13%. 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 Reg 2A Reg 2 Prepare a contribution format income statement segmented by divisions Total Company Division Central East West 0 0 0 0 0 5 05 0S 0 5 Reg 2 >