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 Variable expenses Contribution margin Fixed expenses Wet operating Inc. (los) $1,613,000 522.95 1,040,050 1 144.000 5 (103,950) 07 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 Devon East Central West 53.000 $570,000 5540,000 Variable ens percentage of sales 55 211 39 Traceable fixed 5278.000 $322,000 $191,000 Required: 1. Prepare a contribution format income statement segmented by divisions 2- The Marketing Department has proposed increasing the West Divisions monthly advertising by 525.000 based on the belief that It would increase that division's sales by 17 Assuming these estimates are accurate, how much would the company's net operating income increase decrease the proposal is implemented 2-1 Would you recommend the increased advertising when ystwy ceny your answers in the tabs below. Reg 1 Red 2A Reg 28 Prepare a contribution format income statement segmented by divisions. Division Central Total Company East West + Reg 2 > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 28 The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 17%. 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.) Net operating income will 2-6. Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 28 Would you recommend the increased advertising? Ores ONO