Exercise 10-8 (Static) Segment elimination LO P4 Marin Company makes several products, including canoes. The company reports a loss from its canoe segment (see below). All its variable costs are avoidable, and $300,000 of its fixed costs are avoidable. Segment Income (Loss) Sales $ 980,000 700,000 Contribution margin 280,000 Fixed costs 340,000 Income (loss) $ 60,000) (a) Compute the income increase or decrease from eliminating this segment (b) Should the segment be continued or eliminated? Variable costs (a) Compute the income increase or decrease from eliminating this segment (b) Should the segment be continued or eliminated? Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Continue Eliminate Income Increase (De ase) Income (loss) Required B > Contribution margin Fixed costs Income (loss) 280,000 340,000 $ (60,000) (a) Compute the income increase or decrease from eliminating this segment (b) Should the segment be continued or eliminated? Complete this question by entering your answers in the tabs below. Required A Required B Should the segment be continued or eliminated? Should the segment be continued or eliminated?