Blossom Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $214,200 and the following divisional results Division I IV Sales $254,000 $199.000 $501,000 $443,000 Cost of goods sold 204,000 Selling and administrative expenses 69,800 Income (loss) from operations $(19.800) 60,000 $(50,000) 189,000 301,000) 247,000 57.000 55,000 $143,000 $141,000 Analysis reveals the following percentages of variable costs in each division IV Cost of goods sold 67 % 90 % 82 N 75 % Selling and administrative expenses 39 62 50 58 Discontinuance of any division would save 50% of the fixed costs and expenses for that eMsion Top management is very concemed about the unprontas e divisions and Consensus is that one or both of the divisions should be Question 4 of 4 < > -/14 Top management is very concerned about the unprofitable divisions () and . 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 eg -45 or pormtheses es (45) Division Division I Contribution margin $ $ 161) eTextbook and Media Attempts: 0 of 5 used Subesit Answer Prepare an incremental analysis concerning the possible discontinuance of Ovision. Enter negative amounts using either a negative sign receding the numbers-45 or pothese (45) here to search. (b1) Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg (45)) Net Income Continue Eliminate Increase (Decrease) Contribution margin $ $ $ Fbxed costs Cost of goods sold Selling and administrative Total fixed expenses income (loss) from 5 operations Textbook and Media Attempts 0 of 5 used Sub 39F Mostly cloudy A 3:32 PM 3/10/2022 ere to search (b2) Prepare an incremental analysis conceming the possible discontinuance of Division It. Enter negative amounts using either a negative sign preceding the number es 45or parentheses eg (451) Continue Contribution margin 5 Foxed costs Cost of goods sold Selling and administrative Total foxed expenses Income (loss) from operations eTextbook and Media $ NO Net Income Eliminate Increase (Decrease) $ Attempts: 0 of 5 used Submit Awe 39F Mostly cloudy 3:32 PM 3/10/2022 ype here to search Save for Later (63) What course of action do you recommend for each division? Division Division eTextbook and Media 3 Attempts 0 of 5 used Submit Answer Attempts 0 of 5 used Submit Ar Prepare a columnar condensed income statement For Blossom Company, assuming Division is liminated Division unavoidable fixed costs are allocated equally so the continuing divisions deter negotive amounts using either a negative sign preceding the number 45 or poentheses 45 ii 39F Mostly cloudy 332 PM 3/10/2022 sere to search Prepare a columnar condensed income statement for Blossom Company, assuming Division II is eliminated Division unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg (45)) Sales Variable costs Cost of goods sold Selling and administrative Total variable cos Contribution margin Fdcosts $ BLOSSOM COMPANY CVP Income Statement For the Quarter Ended March 31, 2022 Divisions IV 39F Mostly cloudy 1800 3:33 PM 3/10/2022 here to search Question 4 of 4 Sales Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed Cost of goods sold Selling and administrative Total costs income boss from operations $ -714 IV 39F Mostly clously 334PM W22 Question 4 of 4 otal -/14 Type here to search 29 Mostly cloudy 56. 3 W