Differential Analysis for a Discontinued Product The condensed product-line income statement for Northern Lights Company for the month of Aunust is as follows: Fixed costs are 15% of the cost of goods sold and 43% of the selling and administrative expenses. Northern Lights Company assumes if the Socks line were discontinued. a. Prepare a differential analysis dated August 31 to determine if Socks should be continued (Alternative 1) or discontinued (Alternativ required, use a minus sign to indicate a loss. Fixed costs are 15% of the cost of goods sold and 43% of the selling and administrative expenses. Northern Lights Company assumes that if the Socks line were discontinued. a. Prepare a differential analysis dated August 31 to determine if Socks should be continued (Alternative 1) or discontinued (Alternative 2). required, use a minus sign to indicate a loss. b. Should the Socks line be retained? selling and administrative expenses. Northern Lights Company assumes that fixed costs would not be materially affected hine if Socks should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter " 0. If