Wingate Company, a wholesale distributor of electronic equipment, has been experlencing losses for some time, as shown by Its most recent monthly contribution format Income statement: $ 1,542,880 634, 248 Variable expenses Contribution margin Fixed expenses Net operating income (loss) 999,886 $ (91, 249 In an effort to resolve the problem, the company would like to prepare an Income statement segmented by dvsion. Accordingly, the Accounting Department has developed the followlng Information: Central $362,808 63e,808 $558,888 East Nest Sales Variable expenses as a percentage of sales Traceable fixed expenses 39% 43% $288 , eee s337,eee $193 , eee Required: 1. Prepare a contribution format Income statement segmented by divMslons. 2-a. The Marketing Department has proposed Increasing the West DivisIon's monthly advertising by $24,000 based on the bellef 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) I 2-b. Would you recommend the Increased advertising? if the proposal Is Implemented? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Prepare a contribution format income statement segmented by divisions. Total East Central West Complete this question by entering your answers in the tabs below. Req 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 12% Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? (Do not round intermediate calculations.) willby et operating income Req 1 Req 2B Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Would you recommend the increased advertising? OYes ONo K Req 2A Req 2B