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1) Comparative Income Approach - Example: ELC corporation has three department one of the department ( A has not reported a profit for several years, ELC is considering whether to keep this product line or drop it. An investigation has revealed that the fixed general factory overhead and fixed general administrative expenses will not be affected by dropping department A, The equipment used to manufactured has no resale value or alternative use. 1) Prepare comparative income statement showing whether the company should keep or drop the department Required: 2) What is the financial advantage or (disadvantage) of keeping the department 3) Determine the cost and the amount that will remain even if A department is dropped fochit insant statrect follow: Hardeare Dearinent Required