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Suppose K-Log is considering discontinuing its bran fakes product line. Assume that during the past year, the bran flakes" product line income statement showed the following: (Click the icon to view the income statement data.) (Cilick the icon for additional information.) If the company decides to discontinue the product line, what will happen to the company's operating income? should K-Log discontinue the bran takes product ine? Begin by preparing a contrbution margin income statement for the bran flakes' product line. (Use a minus sign or parantheses to enter a loss.) More info Fixed manulacturing overhead costs account for 40% of the cost of goods, while only 30% of the operating expenses are fixed. Since the bran flakes line is just one of the company's cereal operations, only $770,000 of direct fixed costs (the majority of which is advertising) will be eliminated if the preduct lne is discontinued. The Data table remainder of the fixed costs will stil be incurred by the company