ESOURCES Brain company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $207,400 and the following divisional results Division 1 IT 111 IV $249.000 $200.000 $490,000 $446,000 Cost of goods sold 205.000 192.000 305,000 248,000 Selling and administrative expenses 73,600 60,000 59,000 45,000 Income (los) from operations (27,600) 5 (52,000) $134,000 5153,000 Analysis reveals the following percentages of variable costs in each division 1 11 III IV Cost of goods sold 68% 885 8174 Saining and administrative expenses 40 59 47 $9 Discontinuance of any division would save 50% of the feed costs and expenses for that division Top management is very concerned about the unprofitable divisions and it). Consensus is that one or both of the divisions should be discontinued Your answer is correct. Compute the contribution margin for Division and 11. (Enter negative amounts using either a negative sin preceding the number .g. -45 or parentheses 4.9 (45).) Division 1 Division 11 Contribution margin 0960 (4560 (61) Your answer is correct. Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter nega e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin 80960 0 -80960 Fixed costs > Cost of goods sold > 65600 32800 32800 Selling and administrative 42960 21480 21480 Total fixed expenses 108560 54280 54280 Income (loss) from operations -27600 $ -54280 $ - 26680 Click if you would like to Show Work for this question: Open Show Work (b2) Your answer is correct. Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter nega parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin (4360) 0 4360 Fixed costs Cost of goods sold 23040 11520 11520 Selling and administrative 24600 12300 12300 Total fixed expenses > > 47640 23820 23820 Income (loss) from operations (52000) (23820) 28180 WA Click if you would like to Show Work for this quoti (b3) Your answer is correct. What course of action do you recommend for each division? Division I Continued Division II Eliminated Click if you would like to Show Work for this question: Prepare a columnar condensed income statement for Brisin Company, assuming Division II is eliminated. Division It's unavoidable fowed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number 0.g. -45 or parentheses e-9. (45).) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions 111 TV Total Sales Variable costs Cost of goods sold Selling and administrative Total variable coste Contribution margin Feed costs Cost of goods sold Selling and administrative Total fixed costs Income foss) from operations