6. The Scrooge and Marley Manufacturing Co. have two product lines: power tools and hand tools. The following income statement highlights the result of operations for the previous year. Total 1,377,500 Power Tools 928,000 Hand Tools 449,500 Sales Cost of Goods Sold: Variable Fixed Total Cost of Goods Sold Gross Margin Selling and Administrative Costs: Variable Fixed Total Selling and Administrative Costs Operating Income (Loss) 246,500 203,000 449,500 928,000 139,200 130,500 269,700 658,300 107,300 72,500 179,800 269,700 594,500 217,500 812,000 $116,000 389,760 119,600 509,360 $148,940 204,740 97,900 302,640 $32,940) Scrooge, the owner of the company, is considering deleting the hand tools product line. The accountants for the company estimate that dropping the hand tools product line will save $62,800 in Fixed Cost of Goods Sold. Sales of power tools are expected to increase by $125,000. However, in order to achieve the additional sales, Fixed Selling and Administrative expenses increase by $10,400. Required: Compute operating Income AFTER deleting the hand tool product line: $