Brislin Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $205,100 and the following divisional results. Division I II III IV Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $250,000 $198,000 $499,000 198,000 191,000 298,000 74,900 63,000 63,000 $ (22,900) $ (56,000) $138,000 $446,000 254,000 46,000 $146,000 Analysis reveals the following percentages of variable costs in each division. I II III IV 69 % 90 % 80 % 74 % Cost of goods sold Selling and administrative expenses 41 62 52 58 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 (I and II). Consensus is that one or both of the divisions should be discontinued. Your answer is partially correct. Try again. Prepare a columnar condensed income statement for Brislin Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions. (Round answers to o decimal places, e.g. 1525. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2017 Divisions I III - IV Total Sales 250000 499000 446000 1195000 $ Variable costs Cost of goods sold X x Selling and administrative 30709 32760 26680 90149 EX Total variable costs 2 1x Contribution margin Fixed costs Cost of goods sold * * X x Selling and administrative 48181 34230 23310 105721 E 7x 7X Total fixed costs X Income (loss) from operations $ $