Suppose McCain is considering dropping its sweet potato fries product line. Assume that during the past year, the sweet potato fries product line income statement showed the following: BE: (Click the icon to view the income statement data.) Fixed manufacturing overhead costs account for 40% of the cost of goods, while only 30% of the operating expenses are fixed. Since the sweet potato fries line is only one of McCain's french fries, only $770,000 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 incurred by McCain. If the company decides to drop the product line, what will happen to the company's operating income? Should McCain drop the product line? Prepare an incremental analysis to show how dropping the sweet potato fries product line will affect McCain's operating income. (Use parentheses or a minus sign for a decrease in operating income.) McCain Analysis of Dropping the Sweet Potato Fries Product Line i Data Table Expected decrease in revenues Expected decrease in expenses: Variable expenses Sales $ 5,300,000 6,000,000 Fixed expenses Cost of goods sold Expected decrease in total expenses Expected increase (decrease) in operating income Gross profit (700,000) 1,550,000 Operating expenses $ (2,250,000) Operating loss. Print Done