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 Variable costs $3,800,000 Direct materials Direct labor Variable overhead Variable selling and administrative $ 810,000 860,000 660,00e 380,000 Total variable costs 2,710,000 1,090,000 Contribution margin Fixed costs Direct Indirect 735,000 660,00e Total fixed costs 1,395,000 Net income $ (305,000) 1. If canoes are discontinued, calculate the net income lost or gained Keep the department Eliminate the ent department Sales Expenses Total expenses Net income (loss)