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-Cance Segment Sales Variable costs Direct materiala $ 190,000 Direct labor 300.000 Variable overhead 600.000 Variable selling and administrative 370.000 Total Variable costs Contribution margin Tixed costs Direct 715.000 Indirect Total fixed costs Net Income 2.640.000 1.060.000 1.355.000 $ 295.000 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. Required 1 Required 2 If cances are discontinued, calculate the net income lost or gained. (Leave no cells blank Enterreros where appropriate) Complete this question by entering your answers in the tabs below. Required 1 Required 2 If canoes are discontinued, calculate the net income lost or gained. (Leave no cells blank. Enter zeros where appropriate.) Keep the department Eliminate the department Sales Expenses: Total expenses Net income (loss 1,355,000 $ (295,000) Net income 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. Required 1 Required 2 Should management discontinue the manufacturing of canoes? Should management discontinue the manufacturing of canoes?