The condensed product line income statement for Rhinebeck Company for the month of October is as follows: Rhinebeck Company Product-Line Income Statement For the Month Ended October 31 Hats Gloves Mufflers Sales $71,000 (32,600) $105/700 (42,300) $45.000 (27,000) Cost of goods sold Gross profit Selling and administrative expenses Operating income (loss) $38,400 (27,400) $63,400 (42,800) $18,000 (25,000) $17,000) $11,000 $20,600 Fixed costs are 20% of the cost of goods sold and 30% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). Ihan amount is zero, enter "O" If required, use a minus sign to indicate a loss Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Mufflers October 31 Continue Discontinue Differential Mufflers Mufflers Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues Costs: Variable cost of goods sold Variable selling and admin expenses Fixed costs Profit (Loss) b. Should the Mufflers line be retained