Top managers of Maine Flooring are alarmed by their operating losses. They are considering discontinuing the laminate flooring product line. Company accountants have prepared the following analysis to help make this decision: 1234567896 A Maine Flooring Product Line Contribution Margin Income Statement For the Year Ended December 31 Product lines Wood flooring Laminate flooring Company Total 7 Sales revenue 8 Less: Variable expenses 9 Contribution margin $ 303,000 $ 120,000 $ 423,000 154,000 80,000 234,000 $ 149,000 $ 40,000 $ 189,000 10 Less fixed expenses: 11 12 Manufacturing 14 +234 78,000 49,000 127,000 Marketing and administrative 52,000 15,000 67,000 13 Operating income (loss) $ 19,000 $ (24,000) $ (5,000)