segmented income statement for XYZ Company for the year ended December 31, 2016, follows: XYZ COMPANY Segmented Income Statement For the Year Ended December 31, 2016 Product A $303,000 148,000 $155,000 Product C $190,000 73,000 $ 69,000$117,000 76,000 Product B $124,000 Total Company 276,000 341,000 $ 617,000 Sales Variable expenses Contribution margin Fixed expenses Operating income 55,000 285,000 S 56,000 44.000.000 (10,00025,000 41,000 The company is concerned about the performance of product A, and you have been asked to analyze the situation and recommend to each product line as indicated here: Total CompanyProduct AProduct B Product C $8,000 $19,000 Direct fixed expenses $100,000 $73,000 The remaining fixed expenses are considered to be corporate-wide expenses that have been allocated to each product line based on s Required a. What will be the effect of the decision to discontinue product A on operating income? for the XYZ Company if it discontinues Product A b. Assume that product A is discontinued. Prepare a segmented income statement for the remaining products. Allocate corporate-wide tixed expenses as described. (Round XYZ COMPANY Segmented Income Statement For the Year Ended December 31, 2016 Total Com Product B Product C Sales Variable expenses Contribution margin Direct fioxed expenses Common fioxed expenses Operating income/loss c. Starting with the segmented income statement, use the information you discovered during your investigation to present a more appropriately designed segmented income state XYZ COMPANY Segmented Income Statement For the Year Ended December 31, 2016 Total C Product A Product B | Product C Sales Variable expenses Contribution margin Direct fixed expenses Segment margin Common fxed expenses Operating incomeloss