Members of the board of directors of Safety Place have recaived the following operating income date for the year ended May 31, 2024 (Click the icon to view the operating incorme 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 indusirial systems will decrease fixed cost of goods sold by \$83,000 and decrease fixed selling and administrative expenses by $15,000. Resd the requirements. Requirement 1. Prepare a differential analysis to show whether Safety Place should drop the industrial systems product line, (Use parentheses or a minus sign to enter decreases to profits.) Requirement 2. Prepare contribution margin income statements to show Safety Place's total operating income under the two alternatives: {a ) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1. (Use parentheses or a minus sign for an operating loss.) vata table Safety Place Income Statement For the Year Ended May 31, 2024 Product Line Print Done 1. Prepare a differential analysis to show whether Safety Place should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Safety Place's total operating income under the two alternatives: (a) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1 . 3. What have you learned from the comparison in Requirement 2? Members of the board of directors of Safety Place have recaived the following operating income date for the year ended May 31, 2024 (Click the icon to view the operating incorme 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 indusirial systems will decrease fixed cost of goods sold by \$83,000 and decrease fixed selling and administrative expenses by $15,000. Resd the requirements. Requirement 1. Prepare a differential analysis to show whether Safety Place should drop the industrial systems product line, (Use parentheses or a minus sign to enter decreases to profits.) Requirement 2. Prepare contribution margin income statements to show Safety Place's total operating income under the two alternatives: {a ) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1. (Use parentheses or a minus sign for an operating loss.) vata table Safety Place Income Statement For the Year Ended May 31, 2024 Product Line Print Done 1. Prepare a differential analysis to show whether Safety Place should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Safety Place's total operating income under the two alternatives: (a) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1 . 3. What have you learned from the comparison in Requirement 2