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I had posted this before but the answer is incomplete if you could inform me with what left please. the gaps that are missing Anderson

I had posted this before but the answer is incomplete if you could inform me with what left please.
the gaps that are missing
image text in transcribed
image text in transcribed
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: Magazine Book Division Division Total Sales Revenue $ 7,920,000 $ 3,350,800 511,270,800 Cost of Goods sold Variable costs 2,120,000 1,056,800 3,176,800 Fixed costs 1,989,500 1,230,900 2,320,400 Gross Profit $14,710, 500 5 1.863, 100 $5,273,600 Operating Expenses Variable 147,000 215,600 362,600 Fixed 2,928,200 1.195,700 4,123,700 Net income $1,635,500 $(348,200) $ 1,287,300 Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to each division. The remainder are common or shared between the two divisions. 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), Book Divisian Magazine nal Total Complete this question by entering your Required 1 Required 2 Present the financial information in the form of a segmented income statement Book Division Magazine Total Division $ 7,920,000 $ 3,350,800 $ 11,270,800 $ Sales revenue Variable costs Cost of goods sold Operating expenses 2,120,000 147,000 1,056,800 215,600 3,176,800 362,600 5,653,000 2,078,400 7,731,400 Contribution margin Direct fixed costs Manufacturing costs Operating expenses 217,900 1,756,800 246,180 717,420 464,080 2,474,220 3,678,300 1,114,800 4,793,100 Segment margin Common fixed costs Manufacturing costs Operating expenses 1,856,320 1,649,480 Net income (loss) $ 1,287,300

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