Jim Coston was reviewing the latest income statement for Trenton Communications. For the second year in a row, the Audio division was showing a nerative serment marrin, ancl Jim thought it was time to close the division to increase the company's operating income. The income statement that he examined follows Show Timer Sales revenue Less variable expenses Contribution margin Less traceable fixed expenses Segment margin Cummer fixed costs Net operating income Video Audio Division Division Total $5,303,900 $2.863,200 $8,167,100 3,663.600 1.619,500 5,313.100 1,640,300 1213,700 2,854,000 949.700 1.281,300 2,231.000 $690.600 $167,600) 623.000 557.000 $66,000 When Jim broke the news, Chloe Sams, manager of the Audio clivision was upset. Chloe thought that Jim could be making a snap juicement, and suggested that he look at the clivision's detailed operating results. The Audio division is composed of two groups, Streaming and CD. Streaming accounts for 75% of the division's sales and contribution margin: CD accounts for the other 25%. Streaming's traceable fixed costs are 150,700; CD. $350.700. Prepare a segment margin income statement for the Audio division that shows the segrert margin of each group. (If the amount is negative then enter with a negative sign preceding the number, eg -5,125 or parenthesis, eg, (5,125) and round answers to decimal places, eg. 5,125.) Streaming Total Audio Division Should Jim Coxston close the Audio Division? Activate Windows Go to Settings to activate Windows Jim should consider closing