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Crane Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $153,200 and the following divisional results: Division I 11 IV Sales $509,500 $396,000 $305,100 $177,900 Cost of goods sold 287,500 246,300 270,800 151,800 Selling and administrative expenses 58,300 78,400 67,600 74,600 Income (loss) from operations $163,700 $71,300 $(33,300) $(48,500) The analysis reveals the following percentages of variable costs in each division: 1 11 III IV Cost of goods sold 71% 88% 75% 91% Selling and administrative expenses 39 50 65 70 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (III and IV). The consensus is that the company should discontinue one or both of these divisions. Reconcile the total income from operations of $153,200 with the total income from operations without division IV. Income from operations with Division IV $ Incremental income from eliminating Division IV $ Income from operations without Division IV $