Consider the following information regarding Wayne Manufacturing Company and the following instructions. This is similar to Problems 20-5A and 20-58 in our textbook. Wayne Manufacturing Company has four operating divisions. During the first quarter of 2016, the company reported the divisional results shown below and aggregate income shown below Aggregate Income North South West Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations 413,100315,900251,100$145,800 121,500 56,700 243,000 48,600 121,500 $ 218,700 52,650 (20,250$ 202,500 64,800 48,600$ (32,400) 117,450 Analysis reveals the following percentages of variable costs in each division. Division: North South East West Cost of goods sold Selling and administrative expenses 75% 65% 70% 80% 90% 40% 50% 70% 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 (East and West). Consensus is that one or both of the divisions should be discontinued