Shown below is a segmented income statement for Hickory Compary's thene wooden flearing aroduet laes: variable costs of $250,000 ). All vatiable costs are relerant. reduce sales of the strip line by 24% and sales of the plank iine by 20%. All okher information remains the same Aeguiredi 1. If the parguet preduct line is dropged, what is the contritution margin for the strip line? x Far the ptank line? 2. Which alternative (heep ar drop the parquet groduct line) is now more cost effective and by how much? by 4 x