Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment. (Leave no cells blank. Enter zeros where appropriate.)

MARINETTE COMPANY Income StatementCanoe Segment
Sales				$	3,000,000
Variable costs
Direct materials	$	650,000
Direct labor		700,000
Variable overhead		500,000
Variable selling and administrative		300,000
Total variable costs					2,150,000
Contribution margin					850,000
Fixed costs
Direct		575,000
Indirect		500,000
Total fixed costs					1,075,000
Net income				$	(225,000	)

1. If canoes are discontinued, calculate the net income lost or gained