Current Attempt in Progress Pharoah Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $212,200 and the following divisional results. Division II III IV Sales $247,000 $198,000 $499,000 $448,000 Cost of goods sold 203,000 192,000 295,000 250,000 Selling and administrative expenses 69,800 57,000 65,000 48,000 Income (loss) from operations $ (25,800) $ (51,000) $139,000 $150,000