Avalue-driven car manufacturer, Kingbird, started its business more than 50 years ago, making and selling a sedan body style. Sedans were popular at the time, and this one drove the success of Kingbird for years due to its practical yet stylish nature. As times changed, Kingbird designed models in different body styles, and those models have outpaced sedans, as follows. Sedan SUV Truck Van Sales $1,211,000 $4,163,000 $3,932,000 $2,002,000 Variable costs 697,000 2,016,000 1,791,000 1,090,000 Contribution margin 514,000 2,147,000 2,141,000 912,000 Fixed costs 822,400 896,000 1,199,000 802,000 Operating income (loss) $808,400) $1,251,000 $942,000 $110,000 The income statements above reect the second consecutive year the sedan category has lost money. Kingbird is concerned about dropping this vehicle, however, since the company's success was originally built on it. (a) Kingbird believes it can save $616,800 in fixed costs associated with the sedans if it drops that vehicle category. Should the company seriously consider dropping it? How much better or worse off, financially, would it be by dropping the sedan? Kingbird would be v by $