Target Corporation believed it could increase the company$$s profits by closing its stores in Canada. Other companies have also tried to improve their financial performance by downsizing. In November $2017,$ General Electric announced it would begin a downsizing operation that would result in their exiting businesses that were using over $$20$ billion in assets in the next one to two years. In January $2018,$ Newell Brands, the company whose products include Tupperware, Sharpie pens, Elmer$$s Glue, and Rawlings sports products, announced it would be reducing its product offerings to the extent that it would close half of its facilities and reduce its revenues by $20$ percent.

Consider the additional information presented as follows, which is hypothetical. All dollar amounts are in thousands, unit amounts are not. Assume that a manufacturer of breakfast cereals decides to eliminate one of its products called Sugar$-$Bits from a segment that currently produces three products. As a result, the following are expected to occur:

The number of units sold for the segment is expected to drop by only $42,600$ because of the elimination of Sugar$-$Bits, since most customers are expected to purchase a Fiber$-$Treats or Carbo$-$Crunch product instead. The shift of sales from Sugar$-$Bits to Fiber$-$Treats and Carbo$-$Crunch is expected to be evenly split. In other words, the sales of Fiber$-$Treats and Carbo$-$Crunch will each increase by $126,000$ units.

Rent is paid for the entire production facility, and the space used by Sugar$-$Bits cannot be sublet.

Utilities costs are expected to be reduced by $$26,600.$

All of the supervisors for Sugar$-$Bits were terminated. No new supervisors will be hired for Fiber$-$Treats or Carbo$-$Crunch.

All of the equipment being used to produce Sugar$-$Bits will be sold at its current market value of $$36,300.$

Facility$-$level costs will continue to be allocated between the product lines based on the number of units produced.Required

Prepare revised product$-$line earnings statements based on the elimination of Sugar$-$

Bits. $($Hint$.$ It will be necessary to calculate some

per$-$unit data to accomplish this.$)$

Note: Enter your answers in thousands. Do not round intermediate calculations. Enter all amounts as positive values.