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please show all work thanks 2. The forecast income statement for Choctaw, Inc. for next year is as follows: Product: P R Total Sales Revenue
please show all work thanks 2. The forecast income statement for Choctaw, Inc. for next year is as follows: Product: P R Total Sales Revenue $500,000 $250,000 $380,000 $1,130,000 Total costs $230,000 $290,000 $410,000 $930,000 Net Income (loss) $ 270,000 ($40,000) ($30,000) $200,000 Management is considering ending the production and sale of Product Q and Product R at the beginning of next year. Ending Products Q and R will have no effect on total fixed costs or on the sales of Product P. Product Q's fixed costs are 15% of its total costs, and Product R's fixed costs are 12% of its total costs. Calculate the estimated amount of change in Choctaw's net income for next year that will result from ending production and sale of Product R
please show all work thanks
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