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. MARINETTE COMPANY Income Statement-Canoe Segment Sales $4, 000, 090 Variable costs Direct materials $ 850, 060 Direct labor 900 , 000 Variable overhead 700 , 000 Variable selling and administrative 400, 090 Total variable costs 2, 850, 000 Contribution margin 1, 150, 000 Fixed costs Direct 775,900 Indirect 700, 000 Total fixed costs 1, 475, 000 Net income $ (325, 090) 1. If canoes are discontinued, calculate the net income lost or gained. 2. Should management discontinue the manufacturing of canoes? Complete this question by entering your answers in the tabs below