Suppose Wheatum is considering dscontinuing its fruiby rings product line. Assume that during the past year, the fruity rings' product line income statement showed the following: 1 (CClick the icon to view the income statement data.) 2 (Cick the ioon for additional information.) If the company decides to discontinue the product line, what will happen to the company's operating inoome? Should Wheatum discontinue the fruity rings product line? Begin by peeparing a contribution margin income statement for the fruity rings' product line. (Use a minus sign or pacentheses to enter a lass.) Prepare an incremental analysis to show how the dscontinued fruity rings product line will affect Wheatum's operating income. (Enter a "o" in an input field if there is no expected change as a result of discontinuing fruity rings.) If Wheatum discontinued the fruity rings product line, t will (4) income. Theredore, Wheatum (5) diecontinue this product line. 1: Data Table 2: Mare Info Fixed manudacturing overhead costs account for 40% of the cost of goods, while only 30% of the operating expenses are fixed. Since the fruby rings line is just one of the company's cereal aperations, anly $756,000 of drect fived costs (the majority of which is advertising) will be eliminated if the product line is discontinued. The remainder of the fxed costs will sall be incurred by the company