Question 4 of 4 < > 6.16/14 Pharoah Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $207,000 and the following divisional results. Division IV Sales $247,000 $198,000 $501.000 $448,000 Cost of goods sold 200,000 189,000 298,000 254,000 Selling and administrative expenses 75,000 63.000 63,000 45,000 Income (loss) from operations $(28,000) $(54,000) $140,000 $149,000 Analysis reveals the following percentages of variable costs in each division. = IV Cost of goods sold 67 % 88 % 81 % 78 % Selling and administrative expenses 38 57 50 50 57 7919 Cleuity a . O e A 4AD