Suppose Smithers Company is considering discontinuing its organic dried fruit product line. Assume that during the past year, the organic dried fruit's product line income statement showed the following Click the icon to view the income statement data) (Click the icon for additional information) or the company decides to discontinue the product line what will happen to the company's operating income? Should Smithers Company discontinue the organic dried fruit product line? Begin by preparing a contrbution margin income statement for the organic dried fruit's product line. (Use a minus sign or parentheses to enter a loss.) Sales revenue $ 5,200.000 Lost Variable expenses 4,950,000 Contribution margin 5 250,000 Le Foxed expenses 3,050,000 Operating income (06) $ (2800.000) Prepare an incremental analysis to show how the discontinued organic dried fruit product line will affect Smithers Company's operating income (Entera o in an input field if there is no expected change as a result of discontinuing Organic dried frut) Incremental Analysis for Discontinuation Decision Total Data Table 2800000 Contribution margin lost if organic dried frutis discontinued Less Fed cost savings i organic dried frutis discontinued Operating income gained If organic dried fruit is discontinued Sales revenue S 5.200.000 2 Less: Cost of goods sold 6.500,000 Gross profit (1.300.000) Less: Operating expenses 1.500.000 Help Me Solve This Video Get More Help 5 Operating income (loss) $ 2,800,000) er