CALCULATOR PUN ASION HAR Brian 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 reluts Division 1 II III TV Sales $249,000 $200,000 $490,000 $446,000 Cost of goods sold 205,000 192,000 305,000 248,000 Selling and administrative expenses 71,600 60,000 59,000 45.000 Income (loss) from operations 5 (27.600) (52,000) $134,000 $153,000 Analysis reveals the following percentages of variable costs in each division 1 II TV Cost of goods sold 68% BI 74 Selling and administrative expenses 40 59 47 59 88 Discontinuance of any division would save 50% of the fixed costs and expenses for that dison Top management is very concerned about the profitable divisions (tand 11). Consensus is that one or both of the divisions should be discontinued (a) Your answer is correct. Compute the contribution margin for Division 1 and 11. (Enter negative amounts using either a negative sign preceding the number ... -15 or parentheses ed. (45).) Division Division II Contribution margin BONGO (4360) Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts us e.g. (45).) Net Income Increase (Decrease) Continue Eliminate 80960 0 -80960 Contribution margin Fixed costs 65600 Cost of goods sold 32800 32800 42960 Selling and administrative 21480 21480 108560 Total fixed expenses 54280 54280 X x 54280 -26680 27600 Income (loss) from operations the actinn. nan Show Work