Gutierrez Company has four operating divisions. During the first quarter of 2014, the company reported aggregate income from operations of $205,200 and the following divisional results.

		Division
		I			II			III		IV
Sales		$251,900			$196,600			$504,400		$447,700
Cost of goods sold		203,400			191,400			295,900		253,700
Selling and administrative expenses		73,000			63,900			61,100		53,000
Income (loss) from operations		$ (24,500)			$ (58,700)			$147,400		$141,000

Analysis reveals the following percentages of variable costs in each division.

		I		II		III		IV
Cost of goods sold		76%		91%		82%		73%
Selling and administrative expenses		41%		68%		52%		59%

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.