Do It! Review 7-6 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $482,000, variable expenses of $365,000, and fixed expenses of $141,000. Therefore, the gloves and mittens line had a net loss of $24,000. If Gator eliminates the line, $44,000 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 the gloves and mittens line