Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $193,000 and the following divisional results. Division | || III IV Sales $250,000 $198,000 $496,000 $443,000 Cost of goods sold 205,000 189,000 297,000 255,000 Selling and administrative expenses 70,000 63,000 61,000 54,000 Income (loss) from operations $ (25,000) $ (54,000) $138,000 $134,000 Analysis reveals the following percentages of variable costs in each division. | || III IV Cost of goods sold 69 % 89% 80 % 74 % Selling and administrative expenses 37 61 51 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. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Division I Division II Contribution margin $ $ eTextbook and Media Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Contribution margin Fixed costs Cost of goods sold Selling and administrative Continue Eliminate Net Income Increase (Decrease) Selling and administrative Total fixed expenses Income (loss) from operations $ $ $ eTextbook and Media Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Contribution margin Fixed costs Cost of goods sold Selling and administrative Continue Eliminate Net Income Increase (Decrease) Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from $ $ $ operations eTextbook and Media What course of action do you recommend for each division? Division I Division II 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. (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 costs Contribution margin Fixed costs | BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions III IV administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from $ $ $ $ operations