Suppose Quacker is considering discontinuing ts tasty loops preduct line. Assume that during the past year, the tasty loops' product line income stayement showed the followirg: (Click the icon to view the income statement data.) (1. (Cick the icon for additonal information.) If the company decides to discontinue the product line, what will happen to the company's operating income? Should Quacker discontinue the iasty locps product line? continuing its tasty loops product line. Assume that during the past year, the tasty ne statement data.) (i) (Click the icon for additional information.) ue the product line, what will happen to the company's operating income? Should Data table 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 $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 the company