help please

Anderson Publishing has two divisions: Book Publishing & Magazine Publishing. The Magazine division has been losing money for the last 5 years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows Book Division 57,840,000 Magazine Division $3,316.900 Total $11.156.900 Sales Revenue Cost of Goods sold Variable costs Fixed costs Gross Profit Operating Expenses Variable Fixed Net Income 2,040, 1,081,500 54.218.500 1,016,900 1.210.300 $ 1,059,700 3,056,900 2,291,00 $5,308,200 139,000 2,920,000 $1,659,50 203,900 1.191,200 $ 305,400) 342,900 4,111 200 $1,354,100 Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attribute to each division. The remainder are common or shared between the two divisions. Required: 1. Present the financial information in the form of a segmented income statement using the contribution margin approach 2. What will be the impact on net income if the Magazine Division is eliminated? Complete this question by entering your answers in the tabs below. Magazine Book Division Total Division $ 7,840,000 $ 3,316,900 $ 11,156,900 Sales revenue Variable costs Cost of goods sold Operating expenses 2,040,000 139,000 1,016,900 203,900 3,056,900 342,900 5,661,000 2,096,100 7,757,100 Contribution margin Direct fixed costs Manufacturing costs Operating expenses 216,300 1,752,000 242,060 714,720 458,360 2,466,720 Common fixed costs Manufacturing costs Operating expenses 865 200 1,168,000 968.240 476.480 1.833,440 1,644,480 Net income (loss) S 1.354.100