Problem 23-05A a, b1-b3, c (Part Level Submission) Crane Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $193,000 and the following divisional results.

Division I II III IV Sales $250,000 Cost of goods sold Selling and administrative expenses Income (loss) from operations 205,000 70,000 $198,000 189,000 63,000 $ (54,000) $496,000 297,000 61,000 $ 138,000 $443,000 255,000 54,000 $134,000 $ (25,000) Analysis reveals the following percentages of variable costs in each division. I II III IV 69 % 89 % 80 % 74 % Cost of goods sold Selling and administrative expenses 37 61 51 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. (a) 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 $ $