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Stretch Inc. sells both yoga pants and yoga mats. Managers for Stretch are concerned about their operating losses. They are considering dropping their yoga mat product line. Operating income by prouct line and in total is shown below. 1) Prepare a new operating income analysis assuming Stretch will only sell yoga pants. 2) Then explain why Stretch should drop or not drop the yoga mat product line based on your analysis. All xed costs are allocated fixed costs. Sales Revenue Variable Costs Contribution Margin Fixed Costs: Fixed Manufacturing Selling & Administrative Operating Income Sales Revenue Variable Costs Contribution Margin Fixed Costs: Fixed Manufacturing Selling & Administrative Operating Income Explanation: Stretch Inc. Income Statement For year ended December 31, 2020 Total | Yoga Pants | 425,000 299,000 221,000] 136,000' 204,000 163,000 127,000 62,000 64,000 46,000 I 3,000 5 5 ,000 Stretch Inc. Income Statement For year ended December 31, 2020 Total I l ;l Yoga Mats | 126,000 85,000' 41,000 65 ,000 1 8,000 42,000