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(PLSS direct NO Excel sheet answers)

Wintrust Corporation operates two divisions, the A Division and the B Division. Both divisions manufacture and sell logs to paper manufacturers. The company is considering disposing of the B Division since it has been consistently unprofitable for a number of years. The income statements for the two divisions for the year ended December 31, 2022 are presented below:

	A Division	B Division	Total
Sales	$400,000	$300,000	$700,000

Cost of goods sold

150,000

200,000

350,000

Gross profit

250,000

100,000

350,000

Selling & administrative expenses

200,000

120,000

320,000

Net income

$ 50,000

$(20,000)

$ 30,000

In the B Division, 80% of cost of goods sold is variable and 20% of selling and administrative expenses are variable. The management of the company believes it can save $30,000 of fixed cost of goods sold and $30,000 of fixed selling expenses if it discontinues operation of the B Division.

a) Determine whether the company should discontinue operating the B Division.

b) If the company had discontinued the division for 2022, determine what net income