Check my word 13 Thalassines Ketaskeves, SA of Greece makes marine equipment. The company has been experiencing losses on its bilige pump product line for several years. The most recent quarterly contribution format income statement for the blige pump product line follows 0.66 points $ 470,000 $ 125,00 46,000 10,000 181,000 259.000 Income Statement-Bilge Pune For the Quarter Ended March 11 Sales Variable expenses Variable manufacturing expenses Sales commissions Shipping Total variable expenses Contribution margin Fixed expenses Advertisine (for the bilge um product line) Depreciation of equipment (no rese value) General factory overhead Salary of product line manager Insurance on inventories Purchasing department Total Fixed expenses Net operating loss 25.000 108,000 42. 127,000 3,000 59.000 367,000 578,000) 'Common costs allocated on the basis of machine-hours tCommon costs allocated on the basis of sales dollars Discontinuino the bioe Oumo product line would not affect sales of other product lines and would have no effect on the company's Check my work 13 101.000 289,000 23,000 2.ee 0.66 points Total variable expenses Contribution margin Fixed expensest Advertising (for the bilge pump product line) Depreciation of equipoent (no resale value) General factory overhead Salary of product-line snager Insurance on inventories Purchasing department Total Fixed expenses niet operating loss 127.000 59,000 367,00 5 (70,000) *Common costs allocated on the basis of machine-hours fCommon costs allocated on the basis of sales dollars. Discontinuing the bilge pump product line would not affect sales of other product lines and would have no effect on the companys total general factory overhead or total Purchasing Department expenses Required: What is the financial advantage (disadvantage) of discontinuing the bilge pump product line