A recent accounting graduate from Marvel State University evaluated the operating performance of Wildhorse Company's four divisions. The following presentation was made to Wildhorse's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $73.200. (See analysis below.) Southern Division Total Sales Other Three Divisions $2.440,000 1.159,000 $585,600 $3,025,600 Cost of Goods Sold 488,000 1.647.000 Gross Profit 1.281,000 97,600 1.378,600 Operating Expenses 976,000 170,800 1,146,800 Net Income $305,000 $(73.200) $231,800 For the other divisions.cost of goods sold is 80% variable and operating expenses are 70% variable. The cost of goods sold for the Southern Division is 30% foed, and its operating expenses are 75% fixed. If the division is eliminated, only $18,300 of the fixed operating costs will be eliminated. (a) Prepare a correct analysis using incremental analysis for the new accountant.(Enter negative amounts using either a negative sign preceding the number 4.3.-45 or parentheses e.s. (45). Do not leave any field blank. Enter for the amounts. List variable expenses before fixed expenses.) Continue Eliminate Sales 0 $ Variable Expenses Cost of Goods Sold 0 Operating Expenses ! 0 O Total Variable Costs Contribution Margin: 0 Fixed Expenses hol Cost of Goods Sold a Operating Expenses Net Profit/Loss Prepare a correct analysis using incremental analysis for the new accountant. (Enter negative amounts using either a negative sign preceding the number e.3. - 45 or parentheses e... (45). Do not leave any field blank. Enter o for the amounts. List variable expenses before fixed expenses.) Continue Eliminate Net Income Increase (Decrease) 0 $ 0 0 0 0 $ $