Pharoah Company has four operating divisions. During the first quarter of 2022 , the company reported aggregate income from operations of $207,000 and the following divisional results. Analysis reveals the following percentages of variable costs in each division. 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. (b3) What course of action do you recommend for each division? Division I Division II Compute the contribution margin for Divisions I and II. (Enter negative omounts using either a negative sign preceding the number eg. -45 or porentheses es (45)) b1) Prepare an incremental analysis concerning the possible discontinuance of Division 1 ( Enter nesative omounts using either a negothe sign preceding the number es. 45 or parentheses es. (45).) Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using cither c nesathe sign preceding the number eg -45 or parentheses eg. (45). PHAROAHCOMPANY CVP Income Statement For the Quarter Ended March 31, 2022 Divisions Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total foued costs Incorne (loss) from operations eTextbook and Media Sav forcuter: Attempts: 0 of 5 used 20mit Anwar