This is my third and last time posting this asking for help. ive tried everything to figure this part out and have no luck at all. Can someone please help me Im frustrated with having to post more than once :(

Question 5 Martinez Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $212,400 and the following divisional results. Sales Cost of goods sold Selling and administrative expehses Income (loss) from operations $250,000 204,000 74,600 $ (28,600) Division III $199,000 $498,000 191,000 295,000 63,000 60,000 $ (55,000) $143,000 IV $449,000 247,000 49,000 $153,000 Analysis reveals the following percentages of variable costs in each division. Cost of goods sold Selling and administrative expenses 72 % 40 II 88% 60 III 80% 51 IV 76% 6 1 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. Your answer is correct. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or Prepare a columnar condensed income statement for Martinez Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions. (If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MARTINEZ COMPANY CVP Income Statement For the Quarter Ended March 31, 2017 Divisions Total Sales 250000 498000 1197000 Variable costs Cost of goods sold 236000 T (185250) T (568130) Selling and administrative 30600 T 29890 T 90330 Total variable costs 266600 1 (215140) (658460) Contribution margin 73280 231400 T (233860) (538540) Fixed costs Cost of goods sold 60940 1 2820 i (65520 i 1893201 Saits FULL SCREEN PRINTER VERS $ CALCULATOR 11Y/UUU 25000 s 4YOUUUT sl Variable costs Cost of goods sold 146880 236000 (185250) (568130) Selling and administrative 29840 30600 29890 90330 Total variable costs 176720 266600 (215140) (658460) Contribution margin 73280 2314001 (233860) (538540) Fixed costs Cost of goods sold 62820 (65570) (189330) Selling and administrative 33600 23310 105870 Total fixed costs 109900 96420 (88880) (295200) Income (loss) from operations (36620) 134980 144980 243340 SHOW SOLUTION