Question 3 Brislin 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 Sales Cost of goods sold Selling and administrative expenses Income foss) from operations Division I II III IV $250,000 $198,000 $496,000 $443,000 205,000 189,000 297,000 255,000 70,000 63,000 61,000 54,000 $(25,000) $(54,000) $138,000 $134,000 Analysis reveals the following percentages of variable costs in each division, I II III IV Cost of goods sold 69% 89 80% 74% 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 (61) Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number 8.9. -45 or parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin 82650 (82650) 63550 Fixed costs Cost of goods sold Selling and administrative Total fixed expenses 44100 107650 Income (loss) from operations $ (25,000) Click if you would like to show Work for this question: Open Show Work