please answer the requiremnts, God bless!

Requirements 1. Prepare an incremental analysis to show whether Maine Flooring should discontinue the laminate flooring product line. Will discontinuing laminate flooring add $26,000 to operating income? Explain. 2. Assume that the company can avoid $31,000 of fixed expenses by discontinuing the laminate flooring product line (these costs are direct fixed costs of the laminate flooring product line). Prepare an incremental analysis to show whether the company should stop selling laminate flooring. 3. Now, assume that all of the fixed costs assigned to laminate flooring are direct fixed costs and can be avoided if the company stops selling laminate flooring. However, marketing has concluded that wood flooring sales would be adversely affected by discontinuing the laminate flooring line (retailers want to buy both from the same supplier). Wood flooring production and sales would decline 10%. What should the company do? Data Table B D A 1 Maine Flooring Product Line Contribution Margin Income Statement N 3 For the Year 4 5 it Product lines Laminate Wood flooring flooring Company Total $ 304,000 $ 130,000 $ 434,000 154,000 90,000 244,000 $ 150,000 $ 40,000 $ 190,000 6 Sales revenue 7 Less: Variable expenses 8 Contribution margin 9 Less fixed expenses: $ 10 Manufacturing 117,000 70,000 58,000 47,000 19,000 11 Marketing and administrative 77,000 $ 12 Operating income (loss) $ 22,000 $ (26,000) $ (4,000) on p Too managers of Maine Flooring ano termed by their operating loue. They are considering scoopy the laminate fuering product line Company accountants have prepared the tonownig anwysis is hoity muka tu Click the icon to view the analysis.) Total food costs will not change if the company stops ating tanforg Read the requirements Requirement 1. Prepare an incrementai anwysis to show whether Maine Flooring should continue the animale for protine. Will discontinuing tarinate flooring dd 5.26.00 in operating income can Enter a "O'n an mutfald if there is no expected change as a result of discontinuing the inte flooring product in this son. Incremental Analysis for Discontinuation Decision Total Contribution margin lost if laminate flooring product line is dropped Less Fuced cost savings if laminate floong productie is dropped Operating income laminate flooring is dropped