Question 3 (11 points): LSM Ltd. manufactures two models of badminton racquets. The company's product line income statement follows: Professional Sportsman Sales revenue $225,000 $75,000 Cost of goods sold Variable Fixed $45,000 $50,000 $50,000 $20,000 Total cost of goods sold $95,000 $70,000 Gross profit $130,000 $5,000 Marketing and administrative expenses Variable $15,000 $10,000 Fixed $20,000 $5,000 Total marketing and administrative expenses $35,000 $15,000 Operating income (loss) $95,000 $(10,000) Management is considering dropping the Sportsman model line. Accountants for the company estimate that dropping the Sportsman line will decrease fixed costs by $9000. Required (Put your answers in the space of next page): Prepare an incremental analysis supporting your opinion about whether or not the Sportsman product line should be dropped. (Please state your decision after showing your calculation.)