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 Statement-Canoe Segment Sales Variable costs $3,200,600 Direct materials Direct labor Variable overhead Variable selling and administrative $690,000 740,000 540,000 320,000 Total variable costs Contribution margin Fixed costs 2,290,000 919,008 Direct Indirect 615,600 540,000 Total fixed costs 1,155,000 (245,000) Net income 1. If canoes are discontinued, calculate the net income lost or gained 1. If canoes are discontinued, calculate the net income lost or gained. Keep the Eliminate the department department Sales Expenses Total expenses Net income (loss)