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: Sales $2,530,000 Cost of goods sold 1,933,000 Gross profit $ 597,000 Operating expenses 344,000 Income from operations $ 253,000 Invested assets $2,300,000 Assume that the Electronics Division received no charges from service departments. The president of Gihbli Industries Inc. has indicated that the divisions return on a $2,300,0