Please follow all requirements - data and requirements are in 2nd photo, thanks

Top managers of Ohio Flooring are alarmed by their operating losses. They are considering dropping the laminate flooring product line. Company accountants have prepared the following analysis to help make this decision (Click the icon to view the analysis ) Total fixed costs will not change if the company stops selling laminate flooring Read the requirement:s. Requirement 1. Prepare an incremental a alysis to show whether o Flo as a result of discontinuing the laminate flooning product in this scenario.) ng should disco e la nate floor ng product ine il discon nung aminate foo ng add S 5 000 to operating income? Explain n an in box ift eres no expected change e er a Incremental Analysis for Discontinuation Decision Total Contribution margin lost if laminate flooring product line is dropped Less: Fixed cost savings if laminate flooring product line is dropped f laminate flooring is drapped Top managers of Ohio Flooring are alarmed by their operating losses. They are considering dr the laminate floorning product line. Company accountants have prepared the following analysis to help make this decision (Click Totall fixec Read the r Data Table Ohio Flooring Product Line Contribution Margin Income Statement For the Year oduct chang as a resuit of 1. Prepare an incremental analysis to show whether Ohio Flooring should discontinue the laminate flooring product line. Will discontinuing laminate flooring add $35,000 to operating income? Explain. Product lines 2. Assume that the company can avoid $38,000 of foxed expenses by discontinuing the laminate flooring Less: Fixed Wood flooring Laminate flooring Company Total product line (these costs are direct foxed costs of the laminate flooring product line) Prepare an incremental analysis to show whether the company should stop seling laminate flooring. 309,000 S 153,000 Sales revenue Less Variable expenses Contribution margin Less fixed expenses 134,000 S D DOO 44,000 S 443.000 243,000 200,000 Operating 3. Now, assume that all of the fixed costs assigned to laminate flooring are direct fixed costs and can be avoidad if the company stops selling laminate flooring. Howaver, 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? 156,000 3 70,000 59,000 27,000 $ Manufacturing Marketing and administrative 62,000 17,000 35,000)S 132,000 76.000 (8,000 Print Done Operating income (loss) PrintDone Choose from any list or enter any number in the input tields and then click Check