Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as show by its most recent monthly contribution format income statement: 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: Required: 1. Prepare a contribution format income statement segmented by divisions. 2- T. The Marketing Department has proposed increasing the West Division's monthly advertising by $30,000 based on the belief that it would increase that division's sales by 16%. 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: The Marketing Departmeat has proposed increasing the West Divisioa $ monthly advertising by $30,000 based on the belief thet it would increase that division's sales by 16%. Assuming these estimates are accurate, how much would the company's net operotiog income increase (decrease) if the proposal is implemented? (Do not round interuediate celculations) Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement segmented by divisions