Thalassines Kataskeves, S$.$A$.,$ of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution format income statement for the bilge pump product line follows:Thalassines Kataskeves, S$.$A$.$Income Statement$-$Bilge PumpFor the Quarter Ended March $31$SalesVariable expenses:Variable manufacturing expensesSales commissionsShippingTotal variable expensesContribution marginFixed expenses:Advertising $($for the bilge pump product line$)$Depreciation of equipment no resale value$)$General factory overheadSalary of product$-$line managerInsurance on inventoriesPurchasing departmentTotal fixed expensesNet operating loss$ $137,00043,00014,00026,000108,00037,000*128,0005,00053,000$t$*$Common $($indirect$)$ costs allocated on the basis of machine$-$hours.Common $($indirect$)$ costs allocated on the basis of sales dollars.$ $500,000194,000306,000357,000$$ $(51,000)$Discontinuing the bilge pump product line would not affect sales of other product lines and would have no effect on the company's total general factory overhead or total Purchasing Department expenses.Required:What is the total financial impact of discontinuing the bilge pump product line? $($Indicate a negative impact with a negative sign.$)($Hint:See Example $11-2$a in the course packet for guidance.$)$