Please help me. I am stuck in this. also solve the next part if you have done this qs earlier.

Homework: Assignment 4 Say Score: 1.08 of 2 pts 4 of 11 (9 complete) HW Score: 75.38%, 15.08 of 20 %E8-24A (similar to) 3 Question Help 0 More Info ht showed the following: Suppose K-Log is considering discontinuing its tasty loop (Click the icon to view the income statement data.) product line? If the company decides to discontinue the product line, wh Degu wy prepay a un DULIO II come Statem Fixed manufacturing overhead costs account for 40% of the cost of goods, while only 30% of the operating expenses are fixed. Since the tasty loops line is just one of the company's cereal operations, only $740,000 of direct fixed costs (the majority of which is advertising) will be eliminated if the product line is discontinued. The remainder of the fixed costs will still be incurred by the company. $ X - Data Table Sales revenue Less: Variable expenses Contribution margin 7,600,000 4,965,000 $ Print Done Less Fixed expenses 2,635,000 3,035,000 (400,000) 7,600.000 6,350,000 $ Operating income (loss) Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Operating income (loss) Prepare an incremental analysis to show how the discontinued tasty loops product line will affect K-Log's operating income. (Enter a "0in an inpy 1,250,000 1,650,000 Incremental Analysis for Discontinuation Decision (400,000) Total 0 740.000 Contribution margin lost if tasty loops is discontinued Less: Fixed cost savings if tasty loops is discontinued Operating income lost if tasty loops is discontinued 740000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Activate Windows