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Exercise 6-11 (Algo) Segmented Income Statement [LO6-4] Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses as shown by its most recent monthly contribution format income statement: 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: Required: 1. Prepore a contribution format income statement segmented by divisions 2- The Marketing Department betieves increasing the West ONislons monthly advertsing by $21000 will inctease that divisions. sales by 13\%. Assuming these estimates are accuate, how mucti would the companys netoperating income increase (deccease) if the proposal is implemented? 2.6 Would you recommend the increased adverting? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Would you recommend the increased advertising? Complete this question by entering your answers in the tabs below. Prepare a contribution format income statement segmented by divisions. Complete this question by entering your answers in the tabs below. The Marketing Department believes increasing the West Division's monthly advertising by $21,000 will increase that division's sales by 13%. Assuming these estimates are accurate, how much would the compony's net operating income increase (decrease) if the proposal is implemented? Note: Do not round intermedlate calculations