Crane Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $212,000 and the following divisional results. Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $246,000 | 198,000 | $ (29,000) 77,000 Cost of goods sold Selling and administrative expenses 41 73 % II || 60 Division $195,000 192,000 54,000 92 % $(51,000) Analysis reveals the following percentages of variable costs in each division. ||| 77 % ||| 48 $498,000 $452,000 304,000 56,000 $138,000 IV 79 % IV 62 247,000 51,000 $154,000 Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations $ $ Continue 69890 53460 49030 105050 -35160 $ $ Eliminate -14040 15360 32720 105200 131840 $ $ Net Income Increase (Decrease) 237040 304000 22980 77410 147840 Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations. $ $ Continue $ $ Eliminate $ $ Net Income Increase (Decrease)