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: Variable expenses Contribution margin Fixed expenses Set operating incone (loss) s1,615,000 1,010,850 s(101,150) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Acc Accounting Department has developed the following information EastCeotral Weat $405,000 5650,000 560,000 Sales Variable expenses as a percentage of sales Traceable fixed expenses 431 358 283,000 $329,000 198,000 Required: 1. Prepare a contribution format income statement segmented by divisions 2-a. The Marketing has it would increase that division's sales by 6%, Assuming these estimates are accurate, how mch would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. Would you recommend the increased advertising? g Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Prepare a contribution format income statement segmented by divisions G Search or type URL 6 7 8 9 0 delete 0