Suppose Tasty Tart is considering discontinuing its fruit and nuts product line. Assume that during the past year, the fruit and nuts' product line income statement showed the following: (Click the icon to view the income statement data.) 0 (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 Tas Tart discontinue the fruit and nuts oroduct line? Data table B Sales revenue $ 5,350,000 Begin by preparing a contribution margin income statement for the fruit and nuts' product line. (Use a Less: Cost of goods sold 5,100,000 Sales revenue 5,350,000 Gross profit (750,000) Less: Variable expenses Less: Operating expenses 1,400,000 Contribution margin Operating income (I055) $ (2,150,000) Less: Fixed expenses Operating income (loss) Prepare an incremental analysis to show how the discontinued fruit and nuts product line will affect T Prmt @ change as a result of discontinuing fruit and nuts.) Incremental Analysis for Discontinuation Decision Total Contribution margin ost if fruit and nuts is discontinued Less: Fixed cost savings if fruit and nuts is discontinued Operating income if fruit and nuts is discontinued If Tasty Tart discontinued the fruit and nuts product line, it will V income. Therefore, Tasty Tart V discontinue this product line