Required information [The following information applies to the questions displayed below.] Mango & Associates expects the below departments to make the following income for the upcoming year. Dept. M $77,000 Dept. N $ 39,000 Dept. o $70,000 Dept. P $56,000 Dept. T $ 38,000 Total $280,000 Sales Expenses Avoidable Unavoidable Total expenses Net income (loss) 14,800 55,800 70,600 $ 6,400 42,400 18,600 61,000 $(22,000) 21,600 5,200 26, 800 $43,200 19,000 43,200 62,200 $(6,200) 46,800 16,800 63,600 $(25,600) $144,600 $139,600 284,200 $ (4,200) Recompute & prepare departmental income statements (which should include a combined total column) for Mango & Associates taking each of the following separate scenarios into consideration. (1) Mango & Associates' management decided to get rid of departments with expected net losses. DEPARTMENTS WITH EXPECTED NET LOSSES ELIMINATED DEPARTME Dept. M Dept. N Dept. o D ept. P Dept. I Total Sales Expenses: Avoidable Unavoidable Total expenses Net income (loss) $ 0 $ 0 $ 0 $ 0 $ 0 $