Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $193,000 and the following divisional results. Division I II III IV Sales $250,000 $198.000 $496.000 $443,000 Cost of goods sold 205,000 189,000 297,000 255,000 Selling and administrative expenses 70,000 63,000 61,000 54.000 Income (loss) from operations $ (25,000) $ (54,000) $138,000 $134,000 Analysis reveals the following percentages of variable costs in each division. I Il III IV Cost of goods sold 69 % 89% 80 % 74 % Selling and administrative expenses 37 61 51 58 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. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Division Division 11 Contribution margin $ $ e Textbook and Media Prepare an incremental analysis concerning the possible discontinuance of Division I. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Increase (Decrease) Continue Eliminate Contribution margin $ Fixed costs Cost of goods sold Selling and administrative Selling and administrative Total fixed expenses Income (loss) from operations $ $ $ e Textbook and Media 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).) Net Income Increase (Decrease) Continue Eliminate Contribution margin $ $ $ Fixed costs Cost of goods sold Selling and administrative Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations $ $ $ e Textbook and Media What course of action do you recommend for each division? Division Division 11 Prepare a columnar condensed income statement for Brislin Company, assuming Division Il is eliminated. Division Il's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions III IV Sales $ $ Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operations $ $ $ $