Current Attempt in Progress 9.17/10 Sandhill Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $216,600 and the following divisional results. Division II III IV Sales $253.000 $195.000 $501.000 $447.000 197,000 195,000 296,000 250.000 Cost of goods sold Selling and administrative expenses Income (loss) from operations 69.400 63.000 61,000 48,000 $(13.400) $(63.000) $144,000 $149.000 Analysis reveals the following percentages of variable costs in each division 1 II IV " 726 8996 7996 76 96 Cost of goods sold Selling and administrative expenses 40 57 52 59 Discontinuance of any division would save 50% of the fixed costs and expenses for that division 9.17/10 (c) Your answer is partially correct. Prepare a columnar condensed income statement for Sandhill Company, assuming Division II is eliminated Division It's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the numbereg.-45 or parentheses eg (451) SANDHILL COMPANY CVP Income Statement For the Quarter Ended March 31, 2022 Divisions 1 IV Sales 253000.00 $ 50100000 3 4400000 Variable costs Cost of soods sold 1418.000 233040.00 19000000 31720.00 Selling and administrative 27700.00 d # 0 9.17/10 preceding the numbers. -45 or parentheseses (451) SANDHILL COMPANY CVP Income Statement For the Quarter Ended March 31, 2022 Divisions 1 III IV Sales 253000.00 50100000 $ 4470X1000 Variable costs Cost of goods sold 14184000 20140.00 19000000 Selling and administrative 27760.00 31720.00 28370.00 MODO 2655 2100 Total variable costs 500.00 35440.00 2GO Contribution martin Fixed costs TO 10000 Cost of soods sold I earch Question 5 of 5