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Instructions Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the past year indicated a net loss for Product Jof $12,250. This not loss resulted from sales of $260,000, cost of goods sold of $186,500, and operating expenses of $85,750. It is estimated that 30% of the cost of goods sold represents fixed factory overhead costs and that 40% of the operating expense is fored. Product J is retained, the revenue, cotts, and expenses are not expected to change significantly from those of the current year. Because of the large number of products manufactured, the total fixed costs and expenses are not expected to decline significantly Product is discontinued Required: Prepare a differential analysis report dated February 8 of the current year, on the proposal to discontinuo Product I Use a minus sign to indicato numbers to be subtracted or negative numbers. If there is no amount or an amount is zero, enter To Below the report indicato whether Oceanside Company should continue or discontinue to manufacture Product J. Differential Analysis Differential Analysis Continue Product J (Alternative 1) or Discontinue Product J (Alternative 2) February 8 Continue Product j Discontinue 1 Differential Effect on Income Product 2 (Alternative 1) (Alternative 2) $0.00 (Alternative 2) $(260,000.00) 3 Revenues $260,000.00 4 Costs: 5 Variable 6 Fixed 7 Total costs 8 Income (loss) Oceanside Company should continue the manufacturing of Product J discontinue the manufacturing of Product J