17C Cloudy Question 5 of 5 < > 4/10 Pharoah Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $212,200 and the following divisional results. Division 1 " IV Sales $247,000 $198,000 $499,000 $448,000 Cost of goods sold 203.000 192,000 295,000 250,000 Selling and administrative expenses 69,800 57,000 Income (loss) from operations $(25,800) $($1,000) 65,000 $139,000 48.000 $150,000 Analysis reveals the following percentages of variable costs in each division. 1 IV Cost of goods sold 71 % 88 % 81 % 76% Selling and administrative expenses 38 59 50 60 Search L arzz P 00