The management of ABC Company is considering dropping product X. Data from the company's budget for the upcoming year for product X appear below: Sales Variable expenses Fixed manufacturing expenses Fixed selling and administrative expenses $830,000 $365,000 $291,000 $166,000 Further investigation has revealed that $186,000 of the fixed manufacturing expenses and $106,000 of the fixed selling and administrative expenses are avoidable if product X is discontinued. What is the impact on operating income if product X is eliminated?