leet-of-Foot Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Fleet-of-Foot Inc. Product Income Statements-Absorption Costing For the Year Ended December 31 In adaltion, you have determined the following information with respect to allocated fixed costs: hination of any one product. In addition, you have determined that the effects of inventory may be ignored. P periormance of the running shoe line as unacceptable. As a result, it has decided to eliminate the running shoe line. Management does not expect to be able to the running shoe line, management expects the profits of the company to increase by $44,400. a. Are managements decisish and conclusions corred? Manngenent s oecisish and conchation are The profit be improved because the fixed costs used in manufacturing and selling running shoes be zvented it the ine is elitwinated b. Tirikie a varatue cekting incorme slatement for the three products. Enter a net loss as a negative number using a minus sign. Peet-ot-fobt int. Vatakle Coting Intamn Glabamnota- Thua Duadua