Ivanhoe Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $195,900 and the following divisional results: Division 11 HII $519.600 $418,100 $311 300 $176,300 293,500 247.500 265.600 150,000 Sales Cost of goods sold Selling and administrative expenses Income (los) from operations 56.000 79.100 63.000 74,700 $170,100 $91.500 $(17,300) $(48.400 The analysis reveals the following percentages of variable costs in each division III TV 70% 90% 75% 92% Cost of goods sold Selling and administrative expenses 39 52 65 70 Discontinuance of any division would save 50% of the foxed costs and expenses for that division Top management is very concerned about the unprofitable divisions (lll and IV. The consensus is that the company should discontinue one or both of these divisions. (a) (a) Calculate the contribution margin for divisions III and IV. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es. (451) Divisions In Divisions IV Contribution margin eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. c) The parts of this question must be completed in order. This part will be available when you complete the part above (d) The parts of this question must be completed in order. This part will be available when you complete the part above