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 Net operating income (loss) 1.628.880 594,088 1.933.920 1.137, see (103,889) $ 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: - East Division Central West Sales Variable expenses as a percentage of sales Traceable fixed expenses 46% $267,eee 2636 $339, eee 40% $292,800 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 $28.000 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? 2-b. Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Prepare a contribution format income statement segmented by divisions. Division Central Total Company East West REG Req 2A > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 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 by - Req1 I Req 2B> Complete this question by entering your answers in the tabs below. Reg 1 Rea 2A Res 2A Reg 2B Res 25 Would you recommend the increased advertising? Yes No