Please solve this multistep problem for me. The CVP Income statement i had to take in two separate picture beacause it would not fit on the screen it is I-IV and then the total. Thank you.
Marigold Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $208,800 and the following divisional results. Division IV Sales $247,000 $198,000 $497,000 $449,000 Cost of goods sold 195,000 194,000 301,000 247,000 Selling and administrative expenses 74.200 57,000 60.000 54.000 Income (loss) from operations $ (22,200) $ (53,000) $136,000 $148,000 Analysis reveals the following percentages of variable costs in each division. IV Cost of goods sold 73 % 90 % 77 % 76 % Selling and administrative expenses 40 57 52 58 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. (Round answers to O decimal places, e.g. 1525. If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Continue Eliminate Increase (Decrease) Contribution margin LA LA Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations $ $ eTextbook and Media Assistance UsedWhat course of action do you recommend for each division? Division I Division II V eTextbook and MediaPrepare a columnar condensed income statement for Marigold Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions. (If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).] MARIGOLD COMPANY CVP Income Statement Divisions IV Sales $ Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operationsPrepare a columnar condensed income statement for Marigold Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions. (If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).] MARIGOLD COMPANY CVP Income Statement v Divisions IV Total