A company is considering dropping a product line. Data from the company$$s budget for the upcoming year for this product line appear below:

Sales Revenue: $$473,000$

Variable costs: $$177,000$

Fixed manufacturing costs: $$222,000$

Fixed selling and administrative costs: $$115,000$

Further investigation has revealed that $71\%$ of the fixed manufacturing costs and $32\%$ of the fixed selling and administrative expenses are avoidable if the product were discontinued.

What would be the total annual financial impact from eliminating this product?

$($Make sure to calculate the total impact, not the per$-$unit amount. Use a negative number to indicate a reduction in cash flows.$)$