The cost accountant for Bruin Manufacturing, Inc, has prepared the following analysis of the profitability of each of the firm's three products. All fixed costs are allocated costs and are not related to specific products. Management has been considering several options concerning the company's product mix to reduce or eliminate the loss on Item 103. The company's president has asked you to prepare an analysis of the effects on the company's net income before taxes for each of the following proposals. Consider each proposal independently; no changes would occur in the other products. Required: 1. Calculate the net income or loss if item 103 is dropped. 2. Calculate the net income or loss for Item 103 if the sale price of Item 103 is increased to $41. Marketing analysis indicates that the increase in price will cause a decrease in sales of Item 103 to 1,145 units. 3. Calculate the net income or loss for Item 104 if Item 103 is dropped and the resulting plant capacity is used to produce a new product, Item 104. The department's marketing studies estimate that 1,610 units could be sold at $38 each. The variable costs and expenses per unit of Item 104 are estimated to be $14 per unit manufacturing cost and $13 per unit for operating expenses. Complete this question by entering your answers in the tabs below. Calculate the net income or loss if item 103 is dropped. Calculate the net income or loss for Item 103 if the sale price of Item 103 is increased to $41. Marketing analysis indicates that the increase in price will cause a decrease in sales of Item 103 to 1,145 units. Calculate the net income or loss for Item 104 if Item 103 is dropped and the resulting plant capacity is used to produce a new product, Item 104. The department's marketing studies estimate that 1,610 units could be sold at $38 each. The variable costs and expenses per unit of Item 104 are estimated to be $14 per unit manufacturing cost and $13 per unit for operating expenses