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Suppose Quacker is considering discontinuing is frut and nuts product ine. Assume that during the past year, the frut and nuts' product ine income statement ahowed the following. IIII (Click the icon to vilew the income statement data) B (Click the icon for adsitonal information) It the compary decides to discontinue the product line, what will happen to the company's operating income? Should Quacker discontenue the frut and nuts product line? Begin by preparng a contribution margin income stalement for the frut and nus' product line. (Use a minus sign or parentheses to enter a loss) More info Data table Foepd manufacturng overthead costs account for 40 of of the cost of goods, while only 30% of the operating expensers are foed. since the frut and huts ine is just ote of the compamy's frut operafions, only $775,000 of drest fired costs the majonity of which is advertisingl wil be elminated if the product line is discontrued. The remainder of the fixed costs wil stli be incurred by the company