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Anderson Pubiching has two divisions: Book Publishing and Magazine Publishing. The Magazine division has been losing money for the last five years and Anderson is

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Anderson Pubiching has two divisions: Book Publishing and Magazine Publishing. The Magazine division has been losing money for the last five years and Anderson is considering eliminating that division. Anderson's information about the two dhisions is as fallans: Only 20 percent of the flxed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to each division. The remaining are common or shased between the two divisions. Required: 1. Present the financial information in the form of a segmented income statemeet (ussing the contraution 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. Present the, financial information in the form of a segmented income statement (using the contribution margin approach)

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