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Question 4 Sweetwater sells computer equipment and home office furniture. Currently the furniture product line takes up approximately 50 percent of the company's retail floor space. The president of Sweetwater is trying to decide whether the company should continue offering furniture or concentrate on computer equipment. Below is a product line income statement for the company. If furniture is dropped, salaries and other direct fixed costs can be avoided. In addition, sales of computer equipment can increase by 13 percent without affecting direct fixed costs. Allocated fixed costs are assigned based relat sales Computer Equipment Home Office Total Furniture Sales $1,450,000 $1,116,500 $2,566,500 Less cost of goods sold 1,754,500 942,500 812,000 Contribution margin fixed costs: 507,500 304,500 812,000 Salaries 182,700 55,825 182,700 365,400 Other 55,825 111,650 Less allocated fixed costs: Rent 13,030 10,412 23,442 Insurance 3,190 2,391 2,875 60,083 5,581 Cleaning President's salary 3,580 6,455 65,940 126,023 Other 6,220 5,034 11,254 Net income (loss) $(14,820) $177,015 $162,195 Determine whether Sweetwater should discontinue the furniture line and the financial benefit (cost) of dropping it. the Home Office Furniture product line. The company Net income without Home Office Furniture is s SUBMIT ANSWER Question Attempts: 0 of 1 used SAVE FOR LATER