1. d)

Sheridan Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported a prete Income from operations of $154,900 and the following divisional results Division 11 HII Sales 5505.800 284000 61.500 $399,000 246.500 5308.900 272.600 IV 5178.800 155,400 Cost of goods sold Selling and administrative expenses Income Doss) from operations 73.800 89.000 74,800 5160,300 578.700 $132.700) $151.4001 The analysis reveals the following percentages of variable costs in each division 1 III IV 72% 88% 74% 92% Cost of goods sold Selling and administrative expenses 42 49 65 20 Discontinuance of anw division would save 50% of the fixed costs and expenses for that division Top management is very concerned about the profitable divisions Gilland IV. The consensus is that the company should discontinue one or both of these divisions Prepare a condensed income statement in columns for Sheridan Manufacturingassuming division IV a eliminated. Use the CVP format Division IV sunavoidable fixed costs are allocated equally to the continuing divisions. Enteros in either a negatives preceding the numberes 45 or parentheses es 1451 While alternate approaches are possible, irrelevant feed costs should be indluded in both options when solving this problem! SHERIDANMANUFACTURING COMPANY CVP Income Statement Divi Divlt Dlvill Bodletons Prepare a condensed income statement in columns for Sheridan Manufacturing, assuming division IV is eliminated. Use the CVP format. Division IV's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter loss using either a negative sin preceding the number es 45 or parentheseses. 145. While alternate approaches are possible, irrelevant feed costs should be included in both options when solving this problem) SHERIDANMANUFACTURING COMPANY CVP Income Statement Divi Div 1 Div in Total informations without division TV