Present the finandal information in the form of a segmented income statement (using the contribution margin approsch). Complete this question by entering your answers in the tabs below. What will be the impact on net income if the Magazine Division is eifminated? Anderson Publishing has two dlvisions; Book Publishing and Magazine Publishing. The Magazine division has been losing money for the last five years and Anderson is considering ellminating that dlvision. Anderson's information about the two divislons 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 dlvisions. 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