Question list K Members of the board of directors of Safety Point have received the following operating income data for the year ended May 31, 2024 (Click the icon to view the operating income data) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line Company accountants estimate that dropping industrial systems will decrease fixed cost of goods sold by $81,000 and decrease fixed selling and administrative expenses by $14.000 Requirements 1. Prepare a differential analysis to show whether Safety Point should drop the industrial systems product line 2. Prepare contribution margin income statements to show Safety Points total operating income under the two alternatives (a) with the industrial systems line and (b) without the line. Compare the difference between the twe atematives' income numbers to your answer to Requirement 3. What have you leamed from the comparison in Requirement 27 O Question 16 Printi Done - X Data table Net Sales Revenue Cast of Goods Sold Safety Point Income Statement For the Year Ended May 31, 2024 Product Line Industrial Household Systems 300,000 $ Systems Total 310.000 610.000 Variable 36 000 46 000 82.000 Fixed 240,000 66,000 000,000 Total Cost of Goods Sold 276,000 112.000 388.000 Gross Prof 24.000 150,000 222.000 Being and Administrative Expenses