(CO H) Mr. Earl Pearl, accountant for Margie Knall, Inc. has prepared the following product-line income data. Product Total Sales Variable expenses Contribution margin Fixed expenses: $100,000 $50,000 $20,000 $30,000 60,000 30,000 10,000 20,000 40,000 20,000 10,000 10,000 Rent Depreciation Utilities Supervisors' salaries Maintenance Administrative expenses 5,000 6,000 4,000 2,500 3,000 2,000 1,500 1,500 3,000 1,000 1,200 500 500 600 1,500 1,800 1,500 3,000 900 3,000 10,000 2,000 5 5,000 Administrative expenses Total fixed expenses Net operating income The additional information below is available. 10,000 3,000 2.000 5,000 33,000 13,500 5,800 13,700 $7,000 $6,500 $4,200 ($3,700) The factory rent of $1,500 assigned to Product C is avoidable if the product is dropped . The company's total depreciation would not be affected by dropping Product C. Eliminating Product C will reduce the total monthly utility bill from $4,000 to $3,000 All supervisory salaries for Product C would be avoidable. . If Product C is discontinued, the maintenance department will be able to reduce total monthly expenses from $3,000 to $2,200 Elimination of Product C will make it possible to cut two persons from the administrative staff. Currently, their combined salaries total $2,500. Required: Prepare an analysis showing whether Product C should be eliminated. Provide numerical support for your findings. op