MEH Singh, CEO of Singh Inc, saw the segmented income statement below, he flew into an unusual rage: "When will we ever start seeing a real profit? I'm taking immediate steps to eliminate those two unprofitable lines Product Lines U Total w $75.000 $35.000 Sales Variable expenses Contribution margin Traceable forced expenses Common expenses allocated Operating income oss $250.000 $119.000 5131 000 S96.000 $32.900 $100 $75.000 $47.000 $28.000 $100 000 $37 500 563.000 531000 $18.000 $14.000 $40.000 $37.000 530.000 $4,400 $19.500 SIZ 500 5/6400 "These traceable expenses could be eliminated if the product lines to which they are traced were discontinued Recommend to Mr Singh which segments if any should be liminated Prepare a report using the form below to support your answer. (Do not use bracket for losses Use the minus sign instead) Product Lines Total w 5250 000 $119.000 5131 000 575.000 $35.000 $100.000 $37 500 563.000 $31.000 Variable expenses Contribution margin Traceable bed expenses Segment margin 575 000 $47.00 528.000 540000 598.000 537.000 $30.000 SS Lommon expenses allocated $32900 Recommend to Me Singh which segments, if any, should be eliminated. Prepare a report using the form below to support your answer. (Do not use bracket for losses. Use the minus sign instead) Product Lines U Total w $75.000 Sales Variable expenses Contribution margin Traceable foced expenses Segment margin $250,000 $119.000 $131.000 $100,000 $37 500 $63.000 $31,000 575.000 $35.000 $40.000 $37 000 $47.000 $28,000 $98.000 $30,000 SI sis Common expenses allocated $32 900 $ $ Operating income (loss) $100 The only segment that possibly should be eliminated is segment which shows a negative segment margin of