(5) Please be thorough when explaining. Thanks!

Humphrey Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment North were eliminated. The total general company fixed operating expenses will not be affected if Segment North is eliminated. Required Prepare comparative income statements for the company total net income under two alternatives: (1) the retention of Segment North and (2) the elimination of Segment North. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Humphrey COMPANY } \\ \hline \multicolumn{3}{|c|}{ Comparative Income Statements for the Year 202X } \\ \hline Decision & Keep Segment North & Eliminate Segment North \\ \hline \multicolumn{3}{|l|}{ Sales } \\ \hline \multicolumn{3}{|l|}{ Cost of goods sold } \\ \hline \multicolumn{3}{|l|}{ Sales commissions } \\ \hline \multicolumn{3}{|l|}{ Contribution margin } \\ \hline \multicolumn{3}{|l|}{ General company fixed operating expenses } \\ \hline \multicolumn{3}{|l|}{ Advertising expense } \\ \hline Net Income & & \\ \hline \end{tabular}