Alto Company is evaluating its two divisions, North American Division and European Division. Data for the North American Division include sales of $2,400,000, variable costs of $1,600,000, and fixed costs of $900,000, 70% of which are traceable to the division. European Division's data include sales of $1,700,000, variable costs of $900,000 and fixed costs of $650,000, 50% of which are traceable to the division Required (11marks): a) Prepare a segmented income statement showing the details for the divisions and the company as a whole. Use a format that is useful for decision-making. (7 marks) b) Should either of the divisions be considered for elimination? Explain. (1 mark) C) The company's sales manager believes that sales volume in the North American Division could be increased by 10% if advertising was increased by $50,000. Would you recommend the increased advertising? Show calculations