Differential Anolysts 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 Fixed costs are 12% of the cost of goods sold and 41% 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. Prepare a differential analysis dated August 31 to determine if Socks should be continued (Alternative 1) or discontinued (Aiternative 2). If an amount is zero, enter " 0". If required, use a minus sign to indicate a loss. Fixed costs are 12% of the cost of poods sold and 41% of the selling and administrative expenses, Northern Lights Company assumes that floxed costs would not. be materlally affected if the Socks line were discontinued. a. Prepare a differential analysis dated August 31 to determine if Socks should be continued (Alternative 1) os ifiscontinued (Alternative 2). If an amount is zero, enter " 0. If required, use a minus sign to indicate a loss