c. What is the policy statement related to the allocation of fixed expenses? Complete this question by entering your answers in the tabs below. Calculate what the company's net income would be if Division Y were closed down. Complete this question by What is the policy statement related to the allocation of fixed expenses? The president of Eaglesway Incorporated attended a seminar about the contribution margin model and retumed to her company full of enthusiasm about it. She requested that last year's traditional model income statement be revised, and she received the following renort The president was told that the fixed expenses of \\( \\$ 166,000 \\) included \\( \\$ 91,500 \\) that had been spit evenly between divisions because they were general corporate expenses. After looking at the statement, the president exclaimed, \"I knew itl Division \\( Y \\) is a drag on the whole company. Close it down!\" Required: Q. Evaluate the president's remark. b. Calculate what the company's net income would be if Division \\( Y \\) were closed down. c. What is the policy statement related to the allocation of fixed expenses? Complete this question by entering your answers in the tabs below. Evaluate the president's remark