Members of the board of directors of Control One have received the following operating income data for the year ended May 31, 2018: (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial systems will decrease fixed cost of goods sold by S83,000 and decrease fixed selling and administrative expenses by $10,000. Read the requirements. i Data Table Control One Contribution Margin Income Statement Control One For the Year Ended May 31, 2018 Totals With Totals Without Change If Industrial Income Statement Industrial Systems Industrial Systems Systems Is Dropped For the Year Ended May 31, 2018 Net Sales Revenue 700000 360000 340000 Product Line Variable Costs: Industrial Household 76000 43000 Manufacturing 33000 Systems Systems Total Net Sales Revenue $ 340,000 $ 360,000 $ 700,000 Selling and Administrative Cost of Goods Sold: Total Variable Costs Variable 33.000 43,000 76,000 Contribution Margin Fixed 250.000 64.000 314,000 Fixed Costs: 283,000 107.000 Manufacturing 390,000 Total Cost of Goods Sold Gross Profit 57.000 253,000 310,000 Selling and Administrative Selling and Administrative Expenses: Total Fixed Costs Variable 65,000 75,000 140,000 Fixed Enter any number in the edit fields and then click Check Answer. 43.000 29.000 72,000 ? 108,000 104.000 Total Selling and Administrative Expenses 212,000 Clear All $ (51,000) $ 149,000 $ Operating Income (Loss) 98,000 1 part 1 remaining