Anderson Publishing 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 divisions is as follows. Onty 20 percent of the fixed manufocturing costs and 60 percent of the fued operating expenses are directly aftubutable to esch division. The temaining ace common or shared between the two divisions Required: Complete this question by entering your onswers in the tabs below. 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. What will be the impact on net income if the Magazine Division is eliminated? Present the financial information in the form of a segmented income statement (using the contribution margin approach)