9 1 DO 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 MARINETTE COMPANY Income Statement-Canoe Set Sales $3,900,000 Variable costs Direct materials $830,000 Direct labor 880,000 Variable overhead 680,000 Variable selling and administrative 390,000 Total variable costs 2,780,00 Contribution margin 1,120,000 Fixed costs Direct 755,000 Indirect 680,000 Total fixed costs 1.435.000 Het income $(315,00) Bool HE A 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 It cances are discontinued, calculate the net income lost or gained. (Leave no cells blank. Enter zeros where appropriate.) Keep the department Eliminate the department Expenses 9 Complete this question by entering your answers in the tabs below. Required Required 2 1 points It canoes are discontinued, calculate the net income lost or gained. (Leave no cells blank. Enter zeros where appropriate.) Skood Keep the department Eliminate the department 000 Sales Expenses Hint Ash References Total expenses Net income foss) Requtred Required 2 > 9 $3,900,000 1 po MINETTE COMPANY Income Statement-Canoe Stenent Sales Variable costs Direct materials $ 330,000 Direct labor 880,000 Variable overhead 580.000 Variable selling and administrative 390.000 Total variable costs Contribution mare Fixed costs Direct 755,000 Indirect 180,000 Total Fixed costs Net Income 2,750,000 1,120,000 spoed 1,435,000 $ (515,000) Hint 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. fo Hevired 1 Required 2 Should management discontinue the manufacturing of cances? Poule muragement discontinue the manufacturing of canoes?