if not visible, third part of the question reads, "Prepare a culmnar condensed income statement for Sheridan Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions.

Sheridan Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $181,600 and the following divisional results. Division 11 III TV Sales $250,000 $198,000 $499,000 $443,000 Cost of goods sold 200,000 195,000 305,000 255,000 70,400 63,000 65,000 55,000 Selling and administrative expenses Income (loss) from operations $ (20,400) $(60.000) $129,000 $133,000 Analysis reveals the following percentages of variable costs in each division 11 III IV 66 % 88 % 81 % 76 % Cost of goods sold Selling and administrative expenses 38 57 52 60 Discontinuance of any division would save 50% of the fixed costs and expenses for that sion Top management is very concerned about the unprontable divisions (I and II). Consensus is that one or both of the divisions should be discontinued Prepare an incremental analysis concerning the possible discontinuance of Division II. (Round answer preceding the number e.g. -45 or parentheses e.g. (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 LINK TO TEXT What course of action do you recommend for each division? Division 1 Division 11 neparea contar con nome statement for nago Company, uning Son Casqunly coming av or the amount using either a negative in preceding the number .g. 45 or parentheses (45).) INDIGO COMPANY CVP Income Statement Divisions III TV Total Sale Variable costs Cont of goods to Seling and administrative Total variable contes Carton margin Hudco Cost of 20000 sold Sating and administrative Totaldo Theme from operations