Cullumber Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $188,400 and the following divisional results Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations Division I II III IV $246,000 $197,000 $503,000 $444,000 205,000 195,000 305,000 250,000 71,600 63,000 60,000 52,000 $(30,600) $ (61,000) $138,000 $142,000 Analysis reveals the following percentages of variable costs in each division 1 TI III IV Cost of goods sold 74% 88 % 78% 76% Selling and administrative expenses 37 61 SO 59 Discontinuance of any division woid save 50% of the fixed costs and expenses for that division Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued. Compute the contribution margin for Divisions I and II (Enter negative amounts using either a negative sign preceding the number 0.9. -45 or parentheses c.9. (45).) Division II Division 1 Contribution margin Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or pare 2.9. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations Prepare an incremental analysis concerning the possible discontinuance of Division 11. (Enter negative amounts using either a negative sign preceding the number e... -45 or parenthe Continue Eliminate Net Income Increase (Decrease) Contribution margin Fored costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations