Do It! Review 7-6 Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $502,000, variable expenses of $369,000, and fixed expenses of $144,000. Therefore, the gloves and mittens line had a net loss of $11,000. If Gator eliminates the line, $43,000 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. Click if you would like to Show Work for this question: Open Show Work