Members of the board of directors of Security Systems have received the following operating income dataCompany accountants estimate that discontinuing the industrial systems line will decrease fixed cost of for the year just ended: (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is losing money. They commission a study to determine whether the company should discontinue the line. goods sold by $79,000 and decrease fixed marketing and administrative expenses by $8,000 Read the requirements Requirement 1. Prepare an incremental analysis to show whether Security Systems should discontinue the industrial systems product line Total Incremental Analysis for Discontinuation Decision Contribution margin lost if Industrial Systems is discontinued Less: Fixed cost savings if Industrial Systems is discontinued Operating income if Industrial Systems is discontinued i Data Table Product Line Contribution Margin Income Statement For the Year Product lines Industrial Household Company Systems SystemsTotal $280,000 $360,000 $ 640,000 Sales revenue Less cost of goods solo: 70,000 64,000 304,000 9,000 257,000 $ 266,000 31,000 240,000 39,000 Variable Fixed Gross proft Less marketing and administrative expenses: 72,000 137,000 64,000 65,000 43,000 Variable 21,000 Fixed $ (99,000) 164,000 65,000 Operating income (loss) -X i Requirements 1. Prepare an incremental analysis to show whether Security Systems should discontinue the industrial systems product line. 2. Prepare contribution margin income statements to show Security Systems' 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. What have you learned from this comparison