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pls help Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division has been losing money for the Jast 5 years and

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Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division has been losing money for the Jast 5 years and Anderson is considering eliminating that division. Anderson's Information about the two divisions is as follows: Book Division 37.840,000 Total 5.11.156.900 Sales Revenue Cost of Goods sold Variable costs Fixed costs Gross Profit Operating Expenses Variable Fixed Not income Magazine Division 5,315,300 1,016, 900 1,210,300 $ 1,089,700 2,000,000 1,081,500 $4,718,500 3,056,900 2,291,800 $5.808, 200 139,000 2.920,000 $1,659,500 203,900 1. 191 200 (305,400) 342.900 4,111,200 $1,354,100 Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to each division. The remainder 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. Required Required 2 Required 1 Required 2 Present the financial information in the form of a segmented income statement (using the contribution margin approach). Book Division Magazine Division Total Variable costs Direct foxed costs Common fixed costs Not income Los emainder 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. Required 1 Required 2 What will be the impact on net income if the Magazine Division is eliminated? impact on net incomo

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