Effect of Proposals on Divisional Performance A condensed income statement for the Electronics Division of Gihbli Industries Inc. for the year ended December 31 is as follows: Assume that the Electronics Division received no cost allocations from service departments. considering the following three proposals: by $82,800. This decrease in expense would be included as part of the cost of goods sold. Sales would remain unchanged. transferred to other divisions at no gain or loss. Required: 2. Prepare condensed estimated income statements and compute the invested assets for each proposal. Gihbli Industries Inc.-Electronics Division Estimated Income Statements answer to one decimal place. 4. Which of the three proposals would meet the required 15.4% return on investment. Proposal 1 Proposal 2 Proposal 3 %