Suppose Grainy Day is considering docontinuing is tasty bops product line. Asume that during the past year, the tatly loops' product line income staternent showed the following (Cick the icon lo view the income statement data.) (B (Click the loon for additional information) It the company decides to discoctinue the product lne, what wit happen to the compary's operating income? Should Grainy Day discontinue che tasty loops product line? discontinue the product line, what will happen to the company's operating income? Should Grainy Day discontinue the tribution margin ases to enter a loss.) Insidering discontinuing its tasty loops product line. Assume that during the past year, the tasty loops' product line in the income statement data.) (Click the icon for additional information.) discontinue the product line, what will happen to the company's operating income? Should Grainy Day discontinue More info Fixed manufacturing overhead costs account for 40% of the cost of goods, while only 30% of the operating expenses are fixed. Since the tasty loops line is just one of the company's cereal operations, only $740,000 of direct fixed costs (the majority of which is advertising) will be eliminated if the product line is discontinued. The remainder of the fixed costs will still be incuryd by the company