Fourth column is Totals.

Wildhorse Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $214.000 and the following divisional results. Division 1 II III IV $249,000 $200,000 $504,000 $450,000 199,000 192.000 296,000 249,000 Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations 63.000 64,000 50.000 76,000 $ 126,000) $(55,000) $144,000 $151,000 Analysis reveals the following percentages of variable costs in each division I II III IV 74 % 88 % 79 % 74 % Cost of goods sold Selling and administrative expenses 39 60 51 61 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. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Division Division 11 Contribution margin $ $ eTextbook and Media Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Continue Net Income Increase (Decrease) Eliminate Contribution margin $ $ Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations $ $ eTextbook and Media Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) Net Income Increase (Decrease) Continue Eliminate Contribution margin $ $ $ Fixed costs Cost of goods sold Selling and administrative Total fixed expenses IN Income (oss) from operations $ $ $ eTextbook and Media What course of action do you recommend for each division? Division Division 11 e Textbook and Media Prepare a columnar condensed income statement for Wildhorse Company, assuming Division II is eliminated. Division Il's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) WILDHORSECOMPANY CVP Income Statement For the Quarter Ended March 31, 2022 Divisions III IV Sales $ $ $ $ Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operations S $ $ $