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)