The Clark Sports Camp operates three sports camps: basketball, lacrosse and field hockey The camp provides a unique opportunity for boys and girls to engage in intensive summe sports activities. Parents often bring their all of children for the six week session. Due to diminishing profits in the basketball camp, they are considering eliminating the basketball camp. Camp owner Mikey Matheny has asked you to review the income statement, determine the impact on profit from dropping the basketball camp and make a recommendatio Clark Sports Camp Project Income Statement TotalBasketball Lacrosse Field Hockey $190,000 $75,000 $65,000 $50,000 $26,000 $164,000 $63,000 $57,000 $44,000 Camp Tuition Variable Costs for Food and Staff Contribution Margin Fixed Expenses Rent- Traceable Salaries of Sports Directors Allocated Common Fixed Expenses $12,000 $8,000 $6,000 $25,000 $10,000 $7,500 $7,500 $21,000 $10,000 $10,000 $1,000 $90,000 $41,538 $27,692 $20,769 $136,000 $61,538 $45,192 $29,269 Total Fixed Expenses Net Operating Income (Loss) Common Fixed Costs are allocated based upon the number of campers. $28,000 $1,462 $11,808 $14,731