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Differentat Anafysis for a Discontinued Product The condensed product-line income statement for Northem Lights Company for the month of August is as follows: Fixed costs

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Differentat Anafysis for a Discontinued Product The condensed product-line income statement for Northem Lights Company for the month of August is as follows: Fixed costs are 30% of the cost of poods sold and 15% of the selling and administrative expenses. Northem bights Company assumes that foxed costs would not be materially affected if the 5ocks line were discontinued. Fxed costs are 30% of the cost of goods sold and 15% of the selling and administrative expenses. Northern Ughts Company assumes that fixed costs would not be materially affected if the socks line were discontinued a. Prepase a differentiat analysis dated September 14 to determine if Socks should be continued (Alternative 1 ) or discontinued (Alternative 2 ). If an amount is-zero, enter "0", If required, use a minus sign to indicate a loss. b. Should the Socks line be retained

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