Sandhill Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $150,900 and the following divisional results: Division II IV Sales $506,200 $399,700 $310,700 $177,100 Cost of goods sold 295,200 247,400 271,200 153,600 Selling and administrative expenses 64,600 74,000 63,400 73,400 Income (loss) from operations $146,400 $78,300 $(23,900) $(49,900) The analysis reveals the following percentages of variable costs in each division: II IV Cost of goods sold 68% 92% 74% 91% Selling and administrative expenses 39 52 65 70 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 (III and IV). The consensus is that the company should discontinu one or both of these divisions. Calculate the contribution margin for divisions III and IV. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Divisions III Divisions IV Contribution margin $ Prepare an incremental analysis for the possible discontinuance of (1) division III and (2) division IV. (Round answers to O decimal places, e.g. 125. Enter all negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) (1) Division III Income Increase (Decrease) Division III: Keep Div. III Shut Div. III Contribution margin $ $ $ Fixed costs Totals $ $ $