Do It! Review 7-6 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $489,000, variable expenses of $366,000, and fix expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $27,000. If Gator eliminates the line, $45,000 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).) Net Income Increase (Decrease) Continue Eliminate Sales Variable costs Contribution margin Fixed costs Net income /(Loss) The analysis indicates that Gator should the gloves and mittens line