525 Anderson sing has two do Book Publin & Margarine Pishing The Magine vision has been morwy for fal years and Anderson is concering minating that don Anderson's information about the two do is as fue Mag DIR DEVE 12. caso de Varie 2.140,000 1.X7,500 3,531,00 1.113,10 1.19 101 2.4662 dreas Wrotin Genting Variable 11.04 250.00 411, Tiad 20140 300 675 RON P Only 20 percent of the feed manufacturing costs and 50 percent of the feed operating expenses are directyambute to each division. The remainder wre common or shared between the two divisions Required: Present the financini information in the form of a segmented income statement using the contribution marginapproach 2. What will be the impact on net income if the Magazine Division is limited Required 1 Required 2 Present the financial information in the form of a segmented income statement (using the contribution margin approach). Book Division Magazine Division Total Variable costs Direct fixed costs Common fixed costs Net Income (ons) Romuld Required 2 > Net income Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to division. The remainder are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What will be the impact on net income if the Magazine Division is eliminated? Impact on not income Net income Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to division. The remainder are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What will be the impact on net income if the Magazine Division is eliminated? Impact on not income