Members of the board of drectars of Security System have received the folowing operating income data for the year ended May 31,2024 : click the icon to viow the operating income data.) Members of the board are surpised that the induatral systems product line is not proftable. They commission a study to determine whether the company should drop the aine. Company accountan's estimate that dropping industrial syatems wil decrease foed cost of goods sold by $81,000 and decrease foed selling and administrative expenses by $11.000 Read the tequirements Data table Requirements 1. Prepare a differential analysis to show whether Security System should drop the industrial systems product line. 2. Prepare contribution margin income statements to show Security System'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 ? Data table Requirements 1. Prepare a diferential analysis to show whecher Secunty System stould drop the ncuatral systems product line. 2. Prepare oontrbution margin income statements to show Securily System's total operating income under the tave altematives: (a) with the industrial systerns line and (b) without the line Coenpare the diference between the two athernatives" income nurnbers to you answer to Recuirernent 1. 3. What have you learned from the comparieon in Roqurement 2