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. $3,700,000 MARINETTE COMPANY Income Statement-Canoe Segment Sales Variable costs Direct materials $ 799,000 Direct labor 840, eee Variable overhead 640,000 Variable selling and administrative 370 eee Total variable costs Contribution margin Fixed costs Direct 715,000 Indirect 640,000 Total fixed costs Net Income 2,640,000 1,060,000 1,355,000 5 (295, 800) 11 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. Required 1 Required 2 It canoes are discontinued, calculate the net income lost or gained. (Leave no cells blank Enter zeros where appropriate Keep the department Eliminate the department 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) Required Required 2 >