Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $232,200 and the following divisional results.

		Division
		I		II		III		IV
Sales		$253,000		$195,000		$502,000		$449,000
Cost of goods sold		197,000		189,000		295,000		246,000
Selling and administrative expenses		75,800		57,000		60,000		47,000
Income (loss) from operations		$ (19,800)		$ (51,000)		$147,000		$156,000

Analysis reveals the following percentages of variable costs in each division.

		I			II			III			IV
Cost of goods sold		67	%		89	%		81	%		73	%
Selling and administrative expenses		37			62			48			59

Discontinuance of any division would save 50% of the fixed costs and expenses for that division.

c)

Prepare a columnar condensed income statement for Brislin Company, assuming Division II is eliminated. Division IIs unavoidable fixed costs are allocated equally to the continuing divisions. (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, 2020
		Divisions
		I		III		IV		Total
Sales		$		$		$		$
Variable costs
Cost of 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		$		$		$		$