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COVID 20 Co. is segmented into three divisions and the company is concerned about the performance of Division Y. During your analysis of Division Y,

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COVID 20 Co. is segmented into three divisions and the company is concerned about the performance of Division Y. During your analysis of Division Y, you learn that $45,000 of the fixed expenses relate to general corporate expenses and had been allocated equally between the three divisions. Total Company Division X Division Y Division Z Sales $ 200,000 $ 80,000 $ 50,000 $ 70,000 Variable expenses 120,000 52,000 30,000 38,000 Contribution margin$ 80,000 $ 28,000 $ 20,000 $ 32,000 Fixed expenses 60,000 20,000 22,000 18,000 Net income (loss) $ 20,000 $ 8,000 $ (2,000) $ 14,000 Required: (Show your workings, You have the option to upload your workings) (a.) Calculate what the company's net income would be if Division Y were closed down. (b.) Revise the income statement presented above into a more useful segmented income statement

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