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 like to prepare an income statement segmented by alvision 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 $29,000 based on the bellef that it would increase that division's sales by 15%. Assuming these estimates are accurate, how much wouid the camparys ne: 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. Walsh Company manufactures and sells one product. The following information pertains to each of the company's first two years of operations: During its first year of operations. Waish produced 50.000 units and sold 40.000 units. During its second year of operations, it produced 40,000 units and sold 50,000 units. The selling price of the company's product is $55 per unit Required: 1. Assume the company uses variable costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2 2. Assume the company uses absorption costing: a. Compute the unit product cost for Year 1 and Year 2. b. Prepare an income statement for Year 1 and Year 2. 3. Reconcile the difference between variable costing and absorption costing net operating income in Year 1