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 Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1.629,000 712930 911,070 1.0020 $ 90,930) 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 Sales Variable expenses as a percentage of sales Traceable fixed expenses East 5 409,000 59% $289.000 Don Central $ 690,000 38 30,000 Mest 5 530,000 424 5.295,00 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 $24,000 based on the belief that it would increase that division's sales by 20%. Assuming these estimates are accurate how much would the company's net operating income increase (decrease) if the proposal is Implemente? 2-6. Would you recommend the increased advertising