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Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negatlve amounts using elther a negative sign preceding the number e.g. -45 or parentheses eg. (45).) What course of action do you recommend for each division? Division 1 Division II Attempts: 0 of 5 used Prepare a columnar condensed income statement for Pharoah Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions, (Enter negattve amounts using elther a negative sign precedling the number es. -45 or parentheses es. (45).) Compute the contribution margin for Divisions I and II. (Enter negative amounts using elther a negative sign preceding the number cg. -45 or parentheses eg. (45).) Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative omounts using elther a negattve sign preceding the number eg. -45 or parentheses eg. (45).) Question 4 of 4 /14 Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operations Analysis reveals the following percentages of variable costs in each division. Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued. (a) Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number es. -45 or parentheses eg. (45)). Current Attempt in Progress 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. Analysis reveals the following percentages of variable costs in each division