Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most fecent monthly contribution format income statement: 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. Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Morketing 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 14%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2.b. Would vou recommend the increased advertisina? Prepare a contribution format income statement segmented by divisions. 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 14%. 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.) Would you recommend the increased advertising? Yes