I do not know how to complete the problem below. Reference: Table

Members of the board of directors of Control One have received the following operating income data for the year ended May 31, 2024: (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial system by $84,000 and decrease fixed selling and administrative expenses by $12,000. Read the requirements. Expected decrease in revenues $ (310,000) Expected decrease in total variable costs $ 99,000 Expected decrease in fixed costs 96,000 Expected decrease in total costs 195,000 Expected decrease in operating income $ (115,000) Requirement 2. Prepare contribution margin income statements to show Control One's total operating income under the two alternatives: (a) with the industrial systems line and (b) without the line. Compare the difference between the two alt answer to Requirement 1. (Use parentheses or a minus sign for an operating loss. X Control One Data table Contribution Margin Income Statement For the Year Ended May 31, 2024 Totals With Totals Without Control One Change if Industrial Industrial Systems Industrial Systems Income Statement Systems Is Dropped Net Sales Revenue 670000 360000 300000 For the Year Ended May 31, 2024 Product Line Variable Costs: Industrial Household Manufacturing Systems Systems Total Selling and Administrative Net Sales Revenue $ 310,000 $ 360,000 $ 670,000 Total Variable Costs Cost of Goods Sold Contribution Margin Variable 36,000 48,000 84,000 Fixed 240,000 64,000 Fixed Costs: 304,000 Manufacturing Total Cost of Goods Sold 276,000 112,000 388,000 Selling and Administrative Gross Profit 34,000 248,000 282,000 Total Fixed Costs Selling and Administrative Expenses Operating Income (Loss) Variable 63,000 76,000 139,000 Fixed 45,000 25,000 70,000 Total Selling and Administrative Expenses 108.000 101,000 209,000 Etext pages Get more help - Clear all Operating Income (Loss) (74,000) $ 147,000 $ 73,000