Do It! Review 20-6 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $489,000, variable expenses of $367,000, and fixed expenses of $142,000. Therefore, the gloves and mittens line had a net loss of $20,000. If Gator eliminates the line, $40,000 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Sales $ $ $ Variable costs Contribution margin Fixed costs Net income / (Loss) $ $ $ The analysis indicates that Gator should not eliminateeliminate the gloves and mittens line. Click if you would like to Show Work for this question: Open Show Work