Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format Income statement follows: Sales Variable expenses Contribution margin. Net operating income (loss) Fixed expenses Total $ 4,290,000 1,382,000 2,908,000 2,130,000 $ 778,000 Department Hardware Linens $ 1,120,000 408,000 $ 3,170,000 974,000 2,196,000 1,320,000 $ 876,000 712,000 810,000 $ (98,000) A study indicates that $379,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 14% decrease in the sales of the Hardware Department. Required: What is the total financial impact of discontinuing the Linens Department? (See below if you need a hint.)