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 $3,900,000 Variable costs Direct materials $830,000 Direct labor 880,000 Variable overhead 680,000 Variable selling and administrative 390,000 Total variable costs 2,780,000 Contribution margin 1,120,000 Fixed costs Direct 755,000 Indirect 680,000 Total fixed costs 1,435,000 Net income $ (315, 000) 1. If canoes are discontinued, calculate the net income lost or gained. Keep the department Eliminate the department Sales Expenses: Total expenses Net Income (los) 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) 2. Should management discontinue the manufacturing of canoes? No Yes Keep the departmer Sales Expenses: DITECL Tidemais Direct labor Variable overhead Variable selling and administrative costs Direct fixed costs Indirect fixed costs Net income (loss) 2. Should management discontinue the manufacturing of canc No