Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses as shown by its most recent monthly contribution format Income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,601,000 530,090 1,070,910 1,178,000 $ (107,090) In an effort to resolve the problem, the company wants to prepare an Income statement segmented by division. Accordingly, the Accounting Department provided the following Information: East Sales Variable expenses as a percentage of sales Traceable fixed expenses $ 401,000 49% Division Central $ 680,000 20% West $ 520,000 38% $ 293,000 $ 335,000 $ 203,000 Required: 1. Prepare a contribution format Income statement segmented by divisions 2-a. The Marketing Department belleves Increasing the West Division's monthly advertising by $30,000 will 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 you recommend the Increased advertising? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Prepare a contribution format income statement segmented by divisions. Sales Variable expenses Contribution margin Traceable fixed expenses Gross margin Division Total Company East Central West 0 0 0 $ 0 $ 0 $ 0 $ 0 Required 2A >