Differential Analysis for a Discontinued Product The condensed product-line income statement for Northern Lights Company for the month of August is as follows: Northern Lights Company Product-Line Income Statement For the Month Ended August 31 Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Socks August 31 Line Item Description Continue Discontinue Differential Socks Socks Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues Costs: Variable cost of goods sold Variable selling and admin. expenses Fixed costs Profit (Loss) b. Should the Socks line be retained