Marinette Company makes several products, including cances. The company has been experiencing losses from its cance segment and is considering dropping that product line. The following information is available regarding its cance segment (Leave no cells blank. Enter zeros where appropriate.) $2,600,000 MARINETTE COMPANY Income Statement-Canne Segment Sales Variable costs Direct materials $ 570,000 Direct labor 620, BOD Variable overhead 420,000 Variable selling and administrative 260,000 Total variable costs Contribution margin Fixed costs 495.000 Indirect 420,000 Total fixed costs Net income 1,870,000 730,000 915,000 (185,000 S 1. If canoes are discontinued, calculate the net income lost or gained. Keep the Eliminate the 1. If canoes are discontinued, calculate the net income lost or gained. Keep the department Eliminate the department Sales Expenses Total expenses Net income (loss) $ 0 $ Total expenses Net income (loss) 2. Should management discontinue the manufacturing of canoes? Yes