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Fanning Company operates three segments. Income statements for the segments imply that profitability could be improved it Segment A were eliminated FANNING COMPANY Income Statements for Year 2 Segment Sales Cost of goods sold Sales commissions Contribution margin Ceneral fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Het incon (los) $ 171.000 $235,000 (125.000) (8,000) (20.000) (23,000) 26,000 124,000 (30,000) (30,000) 14.000) (14,000) $ (16,000) $72,000 $262.000 (88.000) (24,000 150,000 (40.000 0 $110.000 Required a. Prepare a schedule of relevant sales and costs for Segment A. b. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. Complete this question by entering your answers in the tabs below. Required A Required Prepare a schedule of relevant sales and costs for Segmelt, Relevant Rev and cost items for Segment A Effect on income Net income (lons) $ (16,000) $ 72,000 $110.000 Required a. Prepare a schedule of relevant sales and costs for Segment A b. Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. Complete this question by entering your answers in the tabs below. Required A Required B Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A. FANNING COMPANY Comparative Income Statements for the Year 2 Decision Keep Sega Eliminato Seg. A Sales Cost of goods sold Sales commissions Contribution margin 0 $ Generalfixed operating expenses Advertising expense Net Income $ 0 $ $ 0