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 $ 1,589,000 Variable expenses 562,350 Contribution margin 1,626, 650 Fixed expenses 1,129,000 Net operating income (loss) 5 (102,350) 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 $ 499,000 $ 620,000 $ 560,000 variable expenses as a percentage of sales 55% 215 37% Traceable fixed expenses $ 294,000 $ 331,000 $ 207.000 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 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? 2-b. Would you recommend the increased advertising