Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division has been losing money for the last 5 years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Book Division $800,000 Magazine Division 5/300/000 Total $1.100.000 Sales Revenue Coat of Goods nold Variable costs Fixed costo Grau Profit Operating Expensen Variable Pixed Net income 2,000,000 1,072.500 $4.222.500 997,000 1200.000 Si 103,000 2.997,000 2,277,500 5,825,500 135,000 2,916,000 1.671.500 198,000 333,000 1,189,000 4-105,000 (284,000 1207.300 $ Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to each division. The remainder are common or shared between the two divisions. Required: 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 Maga Ine Division is eliminated? Complete this question by entering your answes in the tabs below