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 $ 1,471,000 Variable expenses 512,980 Contribution margin 958, 020 Fixed expenses 1,054, 600 Net operating income (Loss) $ (95,980) 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 $361,000 Variable expenses as a percentage of sales $ 600,000 $ 510,000 58 365 Traceable fixed expenses $ 255,000 $ 336,000 $ 192,000 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 $24,000 based on the belief that it would increase that division's sales by 17%. Assuming these estimates are accurate, how much would the company's net operating Income increase (decrease) if the proposal is implemented? 2-6. Would you recommend the increased advertising? West 205 Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 28 Prepare a contribution format Income statement segmented by divisions. Total Company East Division Central West