Crane, Inc. has three divisions: Bud, Wise, and Er. The results of operations for May, 2022 are presented below. Bud Wise Er Total Units sold 6,000 10,000 4,000 20,000 Revenue $140,000 $100,000 $80,000 $320,000 Less variable costs 64,000 52,000 32,000 148,000 Less direct fixed costs 28,000 38,000 24,000 90,000 Less allocated fixed costs 12,000 20,000 8,000 40,000 Net income $36,000 $(10,000) $16,000 $42,000 All of the allocated costs will continue even if a division is discontinued. Crane allocates indirect fixed costs based on the number of units to be sold. Since the Wise division has a net loss, Crane is concerned that it should be discontinued. Crane thinks that if the division is closed, that sales at the Bud division will increase by 12% while sales at the Er division will stay the same. Prepare an analysis showing the effect of discontinuing the Wise division. (Do not round intermediate calculations and round final answers to O decimal places, e.g. 1,525.) Bud Er Total Revenue $ ta $ TA Less variable costs Less direct fixed costs Less allocated fixed costs Net income $ $