Sheridan Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $232,200 and the following divisional results.

		Division
		I		II		III		IV
Sales		$253,000		$195,000		$502,000		$449,000
Cost of goods sold		197,000		189,000		295,000		246,000
Selling and administrative expenses		75,800		57,000		60,000		47,000
Income (loss) from operations		$ (19,800)		$ (51,000)		$147,000		$156,000

Analysis reveals the following percentages of variable costs in each division.

		I			II			III			IV
Cost of goods sold		67	%		89	%		81	%		73	%
Selling and administrative expenses		37			62			48			59

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.

Compute the contribution margin for Divisions I and II

Parts A-C