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 11 Sales Variable expenses Contribution margin Feed expenses Het operating Income (Loss) $1,617,600 695, 100 921,820 1,214,000 (92,180) 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 3437,000 Sales Variable expenses as a percentage of sales Traceable led expenses Division Central West $670.000 5510,000 32% 43% $320,000 $210,000 5273,000 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 $29.000 based on the belief that would increase that division's sales by 12%. Assuming these estimates are accurate, how much would the company's net operating Income increase (decrease if the proposal is implemented? 25. Would you recommend the increased advertising? 2-b. Would you recommend the increased advertising Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 43 Prepare a contribution format income statement segmented by divisions. Division Total Company East Central West 0 0 0 DS 0$ 05 0 Req 24 > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 The Marketing Department has proposed increasing the West Division's monthly advertising by $29,000 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? (Do not round Intermediate calculations.) Net operating income will by 2-b. Would you recommend te Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 28 Would you recommend the increased advertising? Yes ONO