Clinton Unlimited produces and sells three lines of carpet: economy, standard, and deluxe. Jeff Choi, the chief financial officer of the company, has prepared the following report on the profitability in the past year. In the report, fixed costs are allocated based on yards of carpet.

		Economy		Standard		Deluxe		Total
Yards of carpet		30,200		45,300		75,500		151,000
Sales		$322,000		$713,000		$1,543,700		$2,578,700
Less variable costs (dye, yarn, labor, etc.)		173,300		435,400		930,000		1,538,700
Less fixed costs (depreciation, supervisory salaries, etc.)		161,880		242,820		404,700		809,400
Profit (loss)		$(13,180)		$34,780		$209,000		$230,600

Upon seeing the report, Matt Williams, the president of Clinton Unlimited, suggested that the company should consider dropping the economy grade and concentrate on the two other lines. Jeff replied, however, that would lead to the cost allocation death spiral.

Revise the report assuming the company drops the economy grade. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Standard Deluxe Total

Yard of Carpet

Sales $ $ $

Less variable costs

Less fixed costs ___ ___ ___

Profit (loss) $ $ $