correct the wrong answers

Anderson Publishing has two divisions: Book Publishing \& Magazine Publishing. The Magazine division has been losing money for the ast 5 years and Anderson is considering ellminating that diviston. Anderson's information about the two divisions is as follows. Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to each division. The remainder are common or shared between the two divisions. Required: 1. Present the financiat infarmation in the form of a segmented income stotement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Answer is not complete. Complete this question by entering your answers in the tabs below. Present the financial information in the form of a segmented income statement (using the contribution margin approach). Complete this question by entering your answers in the tabs below. Present the financial information in the form of a segmented income statement (using the contribution margin approach). Complete this question by entering your answers in the tabs below. What will be the impact on net income if the Magazine Division is eliminated