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, 5.A. Income Statement-Bilge Pump For the Quarter Ended March 31 Sales Variable expenses: Sales commissions Shipping $480,000 Variable manufacturing expenses $ 135,000 54,000 20,000 Total variable expenses Contribution margin 209,000 271,000 Fixed expenses: Advertising (for the bilge pump product line). 24,000 120,000 39,000" 120,000 Depreciation of equipment (no resale value) General factory overhead Salary of product-line manager Insurance on inventories Purchasing department Total fixed expenses Net operating loss "Common (indirect) costs allocated on the basis of machine-hours. +Common (indirect) costs allocated on the basis of sales dollars. 13,000 50,000 366,000 $ (95,000) 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 11-2a in the course packet for guidance.)