Top managers of Georgia Flooring are alarmed by their operating losses. They are considering dropping the faminate flooring product line. Company accountants have prepared the following analysis to help make this decision Click the icon to view the analysis.) Total fixed costs will not change if the company stops selling laminate flooring Read the requirements Requirement 1. Propare an incremental analysis to show whether Georgia Flooring should discontinue the laminate flooring product line. Will discontinuing laminate flooring add $32,000 to operating incomo? Explain (Enter a "o" in an input field if there is no expected change as a result of discontinuing the laminate flooring product in this scenario Incremental Analysis for Discontinuation Decision Total Contribution margin lost iftaminate flooring product line is dropped Less: Fixed cost savings it laminate flooring product line is dropped Operating income i laminate flooring is dropped 1 Georgia Flooring Product Line Contribution Margin Income Statement 2 3 For the Year 4. 5 Product lines Laminate Wood flooring flooring Company Total $ 303,000 $ 128,000 $ 431,000 158,000 86,000 244,000 6 Sales revenue $ 145,000 $ 42,000 $ 187,000 7 Less: Variable expenses 8 Contribution margin 9 Less fixed expenses: 10 Manufacturing 11 Marketing and administrative 57,000 134,000 77,000 53,000 17.000 70,000 19 Onnine innom linee $ 15.000ls (32.000) (17.000) Print Done