Marin Company makes several products, including canoes. The company reports a loss from its canoe segment (see below). All its variable costs are avoidable, and $300,000 of its fixed costs are avoidable. Segment Income (Loss) Sales Variable costs Contribution margin Fixed costs Income (loss) ) $ 980,000 700,000 280,000 340,000 $ (60,000) (a) Compute the income increase or decrease from eliminating this segment. (b) Should the segment be continued or eliminated? & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Continue Eliminate Income Increase (Decrease) Sales $ $ 0 0 $ 980,000 $ 700,000 280,000 340,000 $ (60,000) Variable costs Contribution margin Fixed costs Income (loss) 0 300,000 X $ (300,000) (240,000)