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 $3,300,000 MARINETTE COMPANY Income Statement-Cone Segment Sales Variable costs Direct materials 5 710,000 Direct laboe 260,000 Variable overhead 560,000 Variable selling and administrative 330,00 Total variable costs Contribution margin Fixed costs Direct 535.000 Indirect 560.000 Total Fixed costs Net Income 2/360.000 940.000 295.000 5 (255,000 1. If cances are discontinued, calculate the net income lost or gained 2. Should management discontinue the manufacturing of cances? Complete this question by entering your answers in the tabs below. Required 1 Required 2 It cances are discontinued, calculate the set income lost or gained. Leave no cells blank inter se where appropriate.) Eliminate the Keep the department Ss Expono ME Complete this question by Required 1 Required 2 If canoes are discontinued, calculate the net income lost or gained. (Leave no cells blank. Enter zeros Keep the department Eliminate the department Sales Expenses Total expenses Net income (loss)