Sunland Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $167,600 and the following divisional results: Division IV Sales $518,800 $394,800 $311,400 $176,100 Cost of goods sold 290,100 245,900 272,800 153,000 Selling and administrative expenses 60,500 73,000 66,400 71,800 Income (loss) from operations $168,200 $75,900 $(27,800) $(48,700) The analysis reveals the following percentages of variable costs in each division: || IV Cost of goods sold 72% 89% 74% 92% Selling and administrative expenses 40 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 discontinue one or both of these divisions. Prepare a condensed income statement in columns for Sunland Manufacturing, assuming division IV is eliminated. Use the CVP format. Division IV's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter loss using either a negative sign preceding the number eg.-45 or parentheses e.g. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) Div 1 SUNLANDMANUFACTURING COMPANY CVP Income Statement Div II Div III Div I $ Div II $ Div