Oriole Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $ 208,400 and the following divisional results. Division 11 IV Sales $ 245,000 $ 198,000 $ 450,000 $ 501,000 297,000 203,000 189.000 254,000 Cost of goods sold Selling and administrative expenses Income (loss) from operations 74,600 46,000 60,000 62.000 $(51,000) $ 142,000 $(32,600) $ 150.000 Analysis reveals the following percentages of variable costs in each division 11 III IV 66 96 88 % 78% 73 % Cost of goods sold Selling and administrative expenses 40 58 48 57 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 Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.s. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin $ $ Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations $ $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit