ES Question Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $193,000 and the following divisional results, Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations Division I II III IV $250,000 $190.000 $496,000 $443,000 205,000 189,000 297,000 255,000 70,000 63.000 61,000 54.000 $(25,000) $ (54,000) $138.000 $134,000 Analysis reveals the following percentages of variable costs in each division 1 II III IV Cost of goods sold 69 8996 80 74% Selling and administrative expenses 37 61 51 58 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 (I and II), Consensus is that one or both of the divisions should be discontinued. CALCULATOR PRINTER VERSION NEXT Prepare a columnar condensed income statement for Brislin Company, assuming Division II is eliminated Division It's unavoidable foxed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative in preceding the number ..-45 or parentheses .. (415)-2 BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions IV Total III Sales 250000 496000 143000 1189000 Variable costs Cout of goods sold 141450 237600 100700 567750 Selling and administrative 25900 31110 31320 83130 Total variable costs 167350 260710 220020 6560 Contribution margin 2650 227200 223000 532920 Fland costs Cost of goods sold 107650 09290 08980 285920 Selling and administrative 7560 7560 7560 22680 Total fixed costs 115210 96550 0640 300000