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 $ 1,646,000 Variable expenses 663,400 Contribution margin 982,600 Fixed expenses 1,081,000 Niet operating income (loss) $ 98,400) 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 Lant Sales $.406,000 $ 690,000 $ 550,000 Variable expenses a percentage of salen Traceable fixed expenses $271,000 $ 340,000 $ 190,000 Required: 1. Prepare a contribution format income statement segmented by divisions 2.0. 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 13%. 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? Central West 453 468 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Prepare a contribution format income statement segmented by divisions. Divian Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Prepare a contribution format Income statement segmented by divisions. Total Company Division Central East West Req 2A > 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 13%. 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? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B 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 13%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease the proposal is implemented? (Do not round intermediate calculations.) Net operating income will by Req1 Req 28 >