Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $200,200 and the following divisional results Division II III IV Sales $447.000 254,000 Cost of goods sold Selling and administrative expenses Income (loss) from operations $253,000 $198.000 $495.000 198,000 189.000 303,000 74.800 66,000 56,000 $ (19.800) $(57,000) $136.000 52.000 5141,000 Analysis reveals the following percentages of variable costs in each division, ! II III IV 68 % 90 % 79 % 75 % Cost of goods sold Selling and administrative expenses 37 60 49 61 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 elther a negative sign preceding the number es. -45 or parentheses eg. (45) Division 1 Division 11 Contribution margin $ eTextbook and Media Question Part Score --/0.4 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 os (45)) Noel 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 es. (451) Net Income Increase (Decrease) Continue Eliminate Contribution margin Fixed costs Cost of goods sold Selling and administrative Total find expenses Income (loss) from operations $ e Textbook and Media Question Part Score -10.4 Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es. (451) Continue Eliminate Net Income Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Totalfixed expenses Income (loss) from operations eTextbook and Media Question Part Score -10.4 Prepare a columnar condensed income statement for Brislin Company, assuming Division Ilis eliminated. Division It's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number 23.-45 or parentheses es. (45)) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions III IV Sales Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin C goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operations 5 eTextbook and Media