P25-23A (similar to) Question Help O Members of the board of directors of Safety Step 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 $80,000 and decrease fixed selling and administrative expenses by $14,000. Read the requirements, 0 Data Table Requirement 1. Prepare a differential analysis to show whether Safety Step should drop the industrial systems pr Safety Step Income Statement For the Year Ended May 31, 2018 , Product Line in operating income Industrial Household Systems Systems Total Net Sales Revenue $ 300,000 $ 330,000 S 630,000 Cost of Goods Sold: Variable 40,000 48,000 88,000 250,000 66,000 Fixed 316,000 Total Cost of Goods Sold 290,000 114,000 404,000 Gross Profit 10,000 216,000 226,000 Selling and Administrative Expenses: Variable 63,000 76,000 139,000 Choose from any list or enter any number in the input fields and then click Check Answer. 41,000 Fixed 28.000 69,000 104,000 104.000 208,000 Total Selling and Administrative Expenses 2 parts remaining Clear (94,000) $ 112,000 S 18,000 Operating Income (Loss)