Profits have been decteasing for several years at Fly with Us (FWU) Airfines, In an effort to improve the company's performarice. consideration is being given to dropping several flights that appear to be unprofitable. A typical income statement for one such flight (Flight 401) follows: The following additional information is avaltable about Flight 401 : a. Members of the flight crew are paid fixed annual salarles, whereas the flight attendants are paid by the flight: b. One-third of the liablity insurance is a special cliarge assessed against Flight 401 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 40t. c. The baggage loading and flight preparation expense is an allocation of ground crew's salaries and depreciation of ground equipment. Dropping Flight 401 would have no effect on the company's total baggage loading and flight preparation expenses. d. if Flight 401 is dropped. FWU Airlines has no authorization at present to replace it with another flight. e. Depreciation of aircraft is due entirely to obsolescence. Depreciation due to wear and tear is negligible. f. Dropping Flight 401 would not allow FWU Airlines to reduce the number of aircraft in its fleet or the number of tight crew on its payroll. Required: 1. Prepare an analysis showing what impact dropping Flight 401 would have on the FWU's profits. (Do not round intermediote calculations. Negative amounts should be indicated with a minus sign.) 2. This part of the question is not part of your Connect assignment