5 1666 Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment PRZETTE COW Income Statement-Cane Septent Sales 52.600.000 Variable costs Direct materials 5570,000 Direct labor 620,000 Variable overhead 420.ead Variable selling and administrative 250, Total variable costs 1.2.cee Contribution margin Fixed costs Direct 495,00 Indirect 420,00 Total fixed costs 915.000 Net Income $(185,00) Book References 1. If canoes are discontinued, calculate the net income lost or gained 2 Should management discontinue the manufacturing of canoes? Complete this question by entering your answers in the tabs below. Required 1 Required 2 If canoes are discontinued, calculate the net income lost or gained. (Leave no cells blank. Enter zeros where appropriate.) Keep the department Eliminate the department Sales Expenses Total expenses Not income (los) Required 2 > 5 Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment. 16.66 Doints 52.600.000 eBook MARIETTE COMPANY Income Statement-Can Sement Sales Variable costs Direct materials $570,000 Direct labor 620,000 Variable overhead 420,000 Variable selling and administrative 200,000 Total variable costs Contribution margin Fixed costs Direct 495.000 Indirect 420,000 Total fixed costs Net Incone 1,870,000 230,000 Hint 915,000 $ 115,000) Paint References 1. If canoes are discontinued, calculate the net income lost or gained. 2. Should management discontinue the manufacturing of canoes? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Should management discontinue the manufacturing of canoes? Should management discontinue the manufacturing of canoes?