Please fill in the common fixed costs tabs for manufacting costs, and oporating expenses, as well as the missing Net income items. I don't know what I am doing. I have wasted 4 questions for information I already have.
Present the financial information in the form of a segmented ncome statement (using the contribution margin approa \begin{tabular}{|c|c|c|c|c|} \hline & & Book Division & \begin{tabular}{c} Magazine \\ Division \end{tabular} & Total \\ \hline Sales revenue & 8$ & 8,200,000 & $3,469,200 & $11,669,200 \\ \hline \multicolumn{5}{|l|}{ Variable costs } \\ \hline Manufacturing expenses & 2 & 2,400,000 & 1,196,400 & 3,596,400 \\ \hline Operating expenses & 2 & 175,000 & 256,700 & 431,700 \\ \hline Contribution margin & & 5,625,000 & 2,016,100 & 7,641,100 \\ \hline \multicolumn{5}{|l|}{ Direct fixed costs } \\ \hline Manufacturing costs & 2 & 223,500 & 260,600 & 484,100 \\ \hline Operating expenses & 2 & 1,773,600 & 726,840 & 2,500,440 \\ \hline Segment margin & & 3,627,900 & 1,028,660 & 4,656,560 \\ \hline \multicolumn{5}{|l|}{ Common fixed costs } \\ \hline Manufacturing costs & 2 & 484,100 & 1,452,300x & 1,936,400 \\ \hline Operating expenses & 2 & 833,480 & 2,500,440 & 1,666,960 \\ \hline Net income (loss) & & 1,551,500 \& & $(498,300) & $1,053,200 \\ \hline \end{tabular} \& Required 1 Required 2> 3 Present the financial information in the form of a segmented income statement (using the contribution margin approach). \begin{tabular}{|c|c|c|c|c|} \hline & & Book Division & \begin{tabular}{c} Magazine \\ Division \end{tabular} & Total \\ \hline Sales revenue & 0 & 8,200,000 & S 3,469,200 & $11,669,200 \\ \hline \multicolumn{5}{|l|}{ Variable costs } \\ \hline Manufacturing expenses & 0 & 2,400,000 & 1,196,400 & 3,596,400 \\ \hline Operating expenses & 0 & 175,000 & 256,700 & 431,700 \\ \hline Contribution margin & 0 & 5,625,000 & 2,016,100 & 7,641,100 \\ \hline \multicolumn{5}{|l|}{ Direct fixed costs } \\ \hline Manufacturing costs & 0 & 223,500 & 260,600 & 484,100 \\ \hline Operating expenses & 0 & 1,773,600 & 726,840 & 2,500,440 \\ \hline Segment margin & 0 & 3,627,900 & 1,028,660 & 4,656,560 \\ \hline \multicolumn{5}{|l|}{ Common fixed costs } \\ \hline Manufacturing costs & 0 & & & 1,936,400 \\ \hline Operating expenses & 0 & & & 1,666,960 \\ \hline Net income (loss) & & & & $1,053,200 \\ \hline \end{tabular} Anderson Publishing has two divisions: Book Publishing and Magazine Publishing. The Magazine division has been losing money for the last five years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to each division. The remaining are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement (using the contribution margin approach). 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below
