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: In an effort to resolve the problem, the company would Rke 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-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $26,000 based on the belief that it would increase that division's sales by 19%. 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 acvertising? Complete this question by entering your answers in the tabs below. 1. Prepare a contrbution fomat income statement segmented by divisions 2.a. The Mariveting Department has prapased increasing the West Division's monthly advertising by $26,000 based an the belief that it would increase that division's seles by' 19% Assuming these estimates are accurate. hew much would the comperyfs net operating Income incresse (decrecse) it the arapasal is impiemented? 2-b. Would you recommend the increased achertsing? Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement segmented by divsions