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 $2,300,000 Variable costs Direct materials Direct labor $ 510,000 560,000 360,000 230,000 Variable overhead Variable selling and administrative Total variable costs 1,660,000 Contribution margin Fixed costs 640,000 Direct 435,000 360,000 Indirect Total fixed costs 795,000 $ (155,0e0) Net income 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) 2. Should management discontinue the manufacturing of canoes? O No O Yes