come HW Score: 0%, 0 of 4 PM8-29B (book/static) Question Help Menters of the board of directors of Security Team have received the following operating income data for the year anded March 31, 2024 the loon to view the operating income data) Members of the board are surprised at the industrial system product line is losing money. They common a study to determine whether the company should drop the line Company accountants estimate that dropping industria wema wil decrease and cost of goods sold by $81.000 and decrease fond saling and administrative expenses by $15.000 Requirement 1. Prepare a differential analysis to show whether Security Team should drop the industrial systems product in. (Use parenthesesoraming to enter desses to profits) in operating income i Data Table Product Line Industrial Household Systems Systems Total $ 300,000 $ 330,000 $ 630,000 Net Sales Revenue Jec Cost of Goods Sold: Variable 35,000 210,000 Fixed 42,000 63,00 77,000 273,000 Total Cost of Goods Sold 245,000 105,000 350,000 Gross Profit 55,000 225,000 280,000 Selling and Administrative Expenses: Variable 66,000 39,000 Fixed 77,000 28,000 143,000 67,000 Total Selling and Administrative Expenses 105,000 105,000 210,000 Operating Income (Loss) $ (50,000) $ 120,000 $ 70,000 i Requirements 1. Prepare a differential analysis to show whether Security Team should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Security Team's total operating income under the two alternatives: (a) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1. 3. What have you learned from the comparison in Requirement 2