Crane Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $161,300 and the following divisional results: Division || III IV Sales $504,200 $391,400 $311,500 $177,900 Cost of goods sold Selling and administrative expenses 66,300 281,000 242,400 74,600 271,200 154,800 62,400 71,000 Income (loss) from operations $156,900 $74,400 $(22,100) $(47,900) The analysis reveals the following percentages of variable costs in each division: III IV Cost of goods sold 68% 91% 75% 90% Selling and administrative expenses 40 48 65 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 (III and IV). The consensus is that the company should discontinue one or both of these divisions. (a) Your answer has been saved. See score details after the due date. Calculate the contribution margin for divisions III and IV. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Contribution margin Divisions III 67,540 $ Divisions IV -11,120 Prepare an incremental analysis for the possible discontinuance of (1) division III and (2) division IV. (Round answers to O decimal places, e.g. 125. Enter all negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) (1) Division III Division III: Keep Div. III Shut Div. III Income Increase (Decrease) Contribution margin $ Fixed costs Totals $ (2) Division IV Income Increase Division IV: Keep Div. IV Shut Div. IV (Decrease) Contribution margin $ Fixed costs Totals What course of action do you recommend for each division? Division III should be $