The condensed product-line income statement for Suffolk China Ware Company is as follows: SUFFOLK CHINA WARE COMPANY Product Line Income Statement Bowls Plates Cups Sales $658,000 $893,000 Cost of goods sold (264,000) (319,000) $273,000 (153,000) $120,000 Gross profit $394,000 $574,000 (150,000) Selling and administrative expenses Operating income (loss) (300,000) $94,000 (354,000) $220,000 $(30,000)