Profits have been decreasing for several years at Pegasus Airlines. In an effort to improve the company's performance, consideration is being given to dropping several flights that appear to be unprofitable. A typical income statement for one such flight (Flight 482) follows: The foliowing additional information is avallable about Flight 482. a. Members of the flight crew are paid fixed annual salaties, whereas the flight attendants are paid by the flight b. One-third of the liablity insurance is a special charge assessed against Flight 482 because, in the opinion of the insurance company, the destination is in a high-risk area. The remaining two-thirds would be unaffected by a decision to drop Flight 482 c. The baggage loading and flight preparation expense is an allocation of ground crew's salaties and depreciation of ground equipment Dropping Flight 482 would have no effect on the company's total baggage loading and night preparation expenses d. If Flight 482 is dropped, Pegasus Altlines has no authorization at present to teplace it with another fight. e. Depreciation of aircraft is due entirely to obsolescence. Depreciation due to wear and tear is negligibie. t. Dropping Flight 482 would not allow Pegasus Airlines to reduce the number of aircraft in its fleet or the number of fight crew on its payroll. Required: 1. Prepare an analysis showing what impact dropping Flight 482 would hove on the airline's profits. CDo not round intermediate calculations. Negative amounts should be indicated with a minus sign.) Required: 1. Prepare an analysis showing what impact dropping Flight 482 would have on the airline's profits. (Do not round intermediate calculations. Negative amounts should be indicated with a minus sign.)