Problem 12-5 Bramble Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from aperations of $188,400 and the following divisional results. Division I II III TY Sales $246,000 $197,000 $503,000 $444,000 Cost of goods sald 205,000 194,000 305,000 250,000 Selling and administrative expenses 71.600 64,000 60.000 52,000 Income loss) from operations $(30,600) $ (61,000) $139,000 $142,000 Analysis reveals the following percentages of variable costs in cach division. II III IV Cost of goods sold 1 74% 37 sa 78% 76 % 59 Selling and administrative expenses 51 50 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concemed 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 I Division II Contribution margin $ $ LINK TO TEXT Prepare an incremental analysis concerning the possible discontinuance of Division I. (Round answers to 0 decimal places, e.g. 1525. If amount decreases net income then enter the amount using either a negative sign preceding the number c.g. -45 or parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin Fixed costs Prepare an incremental analysis concerning the possible discontinuance e.g.-45 or parentheses e.g. (45).) Division I. (Round answers to o decimal places, e.g. 1525. If amount decreases net income then enter the amount using either a negative sign preceding the number Continue Eliminate Net Income Increase (Decrease) Contribution margin $ Fixed costs Cost of goods sald Selling and administrative Total fixed expenses Income (loss) from operations LINK TO TEXT Prepare an incremental analysis concerning the possible discontinuance of Division II. (Round answers to O decimal places, e.g. 1525. 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).) Continue Eliminate Net Income Increase (Decrease) Contribution margin $ $ Fixed casts Cost of goods sold Selling and administrative Tatal fixed expenses Income (lass) from operations Prepare a columnar condensed income statement for Bramble 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).) BRAMBLE COMPANY CVP Income Statement Divisions I III IV Total Sales $ $ $ $ Variable costs Cost of goods sold Selling and administrative Total variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed costs Income (loss) from operations $ $