10 4 Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution format income statement for the bilge pump product line follows: Thalassines Kataskeves, S.A. Income Statement-Bilge Pump points For the Quarter Ended March 31 Sales eBook $ 480,000 Print Variable expenses: Sales commissions Shipping Variable manufacturing expenses $ 138,000 44,000 23,000 Total variable expenses References Contribution margin 205,000 275,000 Fixed expenses: Advertising (for the bilge pump product line) 22,000 106,000 46,000* 120,000 8,000 58,000+ 360,000 $ (85,000) Depreciation of equipment (no resale value) General factory overhead Salary of product-line manager Insurance on inventories Purchasing department Total fixed expenses Net operating loss *Common costs allocated on the basis of machine-hours. +Common costs allocated on the basis of sales dollars. Discontinuing the bilge pump product line would not affect sales of other product lines and would have no effect on the company's total general factory overhead or total Purchasing Department expenses. Required: What is the financial advantage (disadvantage) of discontinuing the bilge pump product line? Check my work