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has four operating During the first quarter of 2020, the company reported aggregate income from operations of $207,800 and the results Division I1 IV $247,000 $198,000 $497,000 $449,000 195,000 95,000 301,000 247,000 Cost of goods sold Selling and administrative expenses Income (loss) from operations 74,200 $(22,200) 57,000 $(54,000) 60,000 $136,000 54,000 $148,000 Analysis reveals the following percentages of variable costs in each division. 73% 90 % 77 % 76 % Selling and administrative expenses 40 57 52 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 11). Consensus is that one or both of the divisions should be discontinued Compute the margin for Divisions I and I1. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Division I Division II Prepare an Enter negative Net Income Eliminate Increase (Decrease Fixed costs Cost of goods sold Total fixed expenses Income (loss) from operations s Fixed costs Total fixed expenses For the Quarter Ended March 31, 2020 Divisions IV Total Sales Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margirn Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operations Open Show Work Click if you would like to Show Work for this