Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $207,400 and the following divisional results. Sales Cost of goods sold Selling and administrative expenses Income (lossy from operations Division I II III IV $249,000 $200,000 $490,000 $446,000 205,000 192,000 305,000 248,000 71,600 60,000 59,000 45,000 $(27,600) $(52,000) $134,000 $153,000 Analysis reveals the following perceetages of variable costs in each division Cost of goods sold Selling and administrative expenses 1 589 40 11 889 59 III 819 47 TV 74% 59 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 correct. Compute the contribution margin for Divisions and tr. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses 9. (457) Division 1 Division 11 Contribution margin 80960 (4360) Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negat e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin 80960 -80960 Fixed costs > Cost of goods sold 65600 32800 32800 > Selling and administrative 42960 21480 21480 > Total fixed expenses 55 108560 54280 54280 Income (loss) from operations -27600 -54280 -26680 (62) Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter nega parentheses e.g. (45).) Net Income Continue Eliminate Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations $ $ $