Fill in the blank and explain in details

Question 6 of 6 !!! View Policies Current Attempt in Progress Ivanhoe Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $489,000, variable expenses of $360,000, and fixed expenses of $140,000. Therefore, the gloves and mittens line had a net loss of $11,000. If Ivanhoe eliminates the line, $35,000 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 Continue Eliminate Increase (Decrease) Sales Variable costs Contribution margin Fixed costs Net income / (Loss) the gloves and mittens line. The analysis indicates that Ivanhoe should