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 $ 1,654,000 Variable expenses 576,180 Contribution margin 1,077,820 Fixed expenses 1,186, Dee Net operating income (los) $ (188,180) 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: Division East Central West Sales $ 394,000 $ 680,000 $ 580,000 Variable expenses as a percentage of sales 57% 21% 36% Traceable fixed expenses $ 253,000 $ 120,000 $ 204,000 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 $20,000 based on the belief that it would increase that division's sales by 15% Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) If the proposal is implemented? 2-5 Would you recommend the increased advertising? rannlatai Req 1 Req 2A Reg 2B Prepare a contribution format income statement segmented by divisions. Division Total Company East Central West RAGA Complete this question by entering your answers in the tabs below. Req1 Req 2A Req 2B The Marketing Department has proposed increasing the West Division's monthly advertising by $20,000 based on the bellef that it would increase that division's sales by 15%. 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 Reg 1 Req 2B> Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Would you recommend the increased advertising? Yes O No