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I filled in the first parts of part 1 (sales revenue and the numbers). The only thing given from that was Variable Costs. Not sure

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I filled in the first parts of part 1 (sales revenue and the numbers). The only thing given from that was Variable Costs. Not sure if what I put was right

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Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division has been losing money for the last 5 years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Book Division $ 7,850,000 Magazine Division $ 3,350,000 Total $11,200,000 Sales Revenue Cost of Goods sold Variable costs Fixed costs Gross Profit Operating Expenses Variable Fixed Net income 2,013,000 78,000 $ 5,759,000 1,012,000 205,000 $ 2,133,000 3,025,000 283,000 $ 7,892,000 140,000 3,921,000 $ 1,698,000 203,000 2,194,000 (264,000) 343,000 6, 115,000 $ 1,434,000 $ The variable operating expenses are directly attributable to the division. Of the total fixed costs (manufacturing and operating), $4,005,000 are shared between the divisions, allocated $2,816,000 to the Book Division and the remaining to the Magazine Division. The remainder of the fixed costs are directly attributable to each division. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Present the financial information in the form of a segmented income statement (using the contribution margin approach). Magazine Division Book Division $ 7,850,000 Total Sales revenue Variable costs Cost of goods sold 2,013,000 5,837,000 Direct fixed costs Net income (loss)

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