*Problem 8-29 (Part Level Submission) Sandhill Toys' management is considering eliminating product A, which has been showing a loss for several years. The company's annual income statement, is as follows: Total Sales $2,221,000 $1,402,000 $1,819,600 $5,442,600 1,688,000 601,300 1,083,800 3,373,100 $533,000 $800,700 $735,800 $2,069,500 Variable expenses Contribution margin Advertising expese $514,000 $427,000 $522,000 $1,463,000 Depreciation expense Corporate expenses 46,000 15,300 94,700 10,600 20,100 84,400 105,900 285,000 Total fixed expenses $624,000 $522,000 $648,000 $1,794,000 Operating income $91,000 $278,700 $87,800 $275,500 Advertising expense Specific to each product. Depreciation expense - Specific to each product; no other use available, no resale value. Corporate expenses Allocated based on number of employees. Your answer is partially correct. Try again. Restate the income statement in segment margin format. Total 2,221 1,688 533 les Revenu 402 1,819,60 442,60 ariable ntribution ma 0,70 069,50 Less Direct fixed expenses 514 27 522 1,463,00 46,000 15 0,10 ment margi Common fixed expense atin