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 Increase (Decrease) Eliminate Continue Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations Blue Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $194,100 and the following divisional results. Division II III IV Sales $251,000 $195,000 $502,000 $446,000 190,000 302,000 251,000 Cost of goods sold 205,000 Selling and administrative expenses 60,000 54,000 75,900 62,000 $ (29,900) $ (57,000) $140,000 $141,000 Income (loss) from operations Analysis reveals the following percentages of variable costs in each division. II III IV Cost of goods sold 68 % 90 % 79 % 73 % Selling and administrative expenses 39 57 49 62 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. X Your answer is incorrect. Try again. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Division I Division II Contribution margin