Ivanhoe Company has four operating divisions. During the first quarter of 2025, the company reported aggregate income from operations of $226,400 and the following divisional results.

Division
	I	II	III	IV
Sales	$248,000	$198,000	$505,000	$450,000
Cost of goods sold	197,000	192,000	301,000	249,000
Selling and administrative expenses	72,600	57,000	59,000	47,000
Income (loss) from operations	$(21,600)	$951,000)	$145,000	$154,000

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

Division
	I	II	III	IV
Cost of goods sold	71%	87%	81%	77%
Selling and administrative expenses	41	61	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.

Division
	I	II
Contribution Margin