Please complete E25-13 and all requirements in excel! thanks!

Learning Objective 3 1. $(33,000) E25-13 Making dropping a product decisions Top managers of Best Video are alarmed by their operating losses. They are considering dropping the DVD product line. Company accountants have prepared the following analysis to help make this decision: X (Requirement 1 only) BEST VIDEO Income Statement For the Year Ended December 31, 2016 Blu-ray Total Discs DVD Discs 3 432,000 240,000 192,000 $ 309,000 150,000 159,000 $ 123,000 90,000 33,000 Sales Revenue Variable Costs Contribution Margin Fixed Costs Manufacturing Selling and Administrative Total Fixed Expenses Operating Income (LOSS) 134,000 69,000 203,000 $ (11,000) 75.000 52.000 127,000 $ 32,000 59,000 17.000 76,000 $ (43,000) Total fixed costs will not change if the company stops selling DVDs. Requirements 1. Prepare a differential analysis to show whether Best Video should drop the DVD product line. Will dropping DVDs add $43,000 to operating income? Explain