Blossom Manufacturing Company has four operating divisions. During the first quarter of 2022 , the company reported aggregate income from operations of $214,600 and the following divisional results: The analysis reveals the following percentages of variable costs in each division: The analysis reveals the following percentages of variable costs in each division: Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (III and IV). The consensus is that the company should discontinue one or both of these divisions. Prepare a condensed income statement in columns for Blossom Manufacturing, assuming division IV is eliminated. Use the CVP format. Division IV's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter loss using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.)