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Suppose Smiley O is considering discontinuing its special oats product line. Assume that during the past year, the special oats' product line income statement

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Suppose Smiley O is considering discontinuing its special oats product line. Assume that during the past year, the special oats' product line income statement showed the following: (Click the icon to view the income statement data.) i (Click the icon for additional information.) If the company decides to discontinue the product line, what will happen to the company's operating income? Should Smiley O discontinue the special oats product line? Begin by preparing a contribution margin income statement for the special oats' product line. (Use a minus sign or parentheses to enter a loss.) Sales revenue Less: Contribution margin Less: Operating income (loss)

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