Suppose Wheatum is considering discontinuing its bran flakes product line. Assume that during the past year, the bran flakes' product line income statement showed the following: View the income statement data. View the additional information. If the company decides to discontinue the product line, what will happen to the company's operating income? Should Wheatum discontinue the bran flakes product line? Begin by preparing a contribution margin income statement for the bran flakes' product line. (Use a minus sign or parentheses to enter a loss.) Prepare an incremental analysis to show how the discontinued bran flakes product line will affect Wheatum's operating income. (Enter a " 0 " in an input field if there is no expected change as a resu of discontinuing bran flakes.) If Wheatum discontinued the bran flakes product line, it will income. Therefore, Wheatum discontinue this product line. Income statement data \begin{tabular}{|lr|} \hline Sales revenue & $7,500,000 \\ Less: Cost of goods sold & 6,350,000 \\ Gross profit & 1,150,000 \\ Less: Operating expenses & 1,550,000 \\ \hline \end{tabular} Print Done Suppose Wheatum is considering discontinuing its bran flakes product line. Assume that during the past year, the bran flakes' product line income statement showed the following: View the income statement data. View the additional information. If the company decides to discontinue the product line, what will happen to the company's operating income? Should Wheatum discontinue the bran flakes product line? Begin by preparing a contribution margin income statement for the bran flakes' product line. (Use a minus sign or parentheses to enter a loss.) Prepare an incremental analysis to show how the discontinued bran flakes product line will affect Wheatum's operating income. (Enter a " 0 " in an input field if there is no expected change as a resu of discontinuing bran flakes.) If Wheatum discontinued the bran flakes product line, it will income. Therefore, Wheatum discontinue this product line. Income statement data \begin{tabular}{|lr|} \hline Sales revenue & $7,500,000 \\ Less: Cost of goods sold & 6,350,000 \\ Gross profit & 1,150,000 \\ Less: Operating expenses & 1,550,000 \\ \hline \end{tabular} Print Done