Suppose Wheatum 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.) 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 Wheatum discontinue the fruit and nuts product line? Begin by preparing a contribution margin income statement for the fruit and nuts' product line. (Use a minus sign or parentheses to enter a loss.) Sales revenue Less: Variable expenses 7,400,000 Data table - Contribution margin Less: Fixed expenses Operating income (loss) Get more help A B 1 Sales revenue $ 7,400,000 2 Less: Cost of goods sold 6,150,000 3 Gross profit 1,250,000 4 Less: Operating expenses 1,350,000 5 Operating income (loss) $ (100,000)