A company makes several products, including canoes. The company reports a loss from its canoe segment (see below). All its variable costs are avoidable, and $600,000 of its fixed costs are avoidable. Sales Segment Income (Loss) Variable costs 1,400,000 560,000 $ 1,960,000 Contribution margin 680,000 $ (120,000) Fixed costs Income (loss) Required: (1) Compute the income increase or decrease from eliminating this segment. (2) Should management eliminate the canoe segment