Top managors of Now York Floceing are dambd by their operating losses. They ase considering dropping the laminate fooring product line. Corrigany acsountanta have prepared the following analysis to help make this decisicn: (Cick the icon to view the analysis) Total fixed costs will not change if the company stops seling larinate flocring. Rood the Requirement 1. Pregare an inerenentaj anabyis to show whethec Now York. Flooding ahould discontinue the larrinate flsoring product line. Wil discortinuing lamirate floorig add 323,000 te oporating oncome? Explain. (Entor a "to' in an input feid if there is no expected change as a result of dacontinuing the luminate fooring procuct in this scenarie) Data table Requirements 1. Prepare an incremental analysis to show whether New York Flooring should discontinue the laminate flooring product line. Will discontinuing laminate flooring add $23,000 to operating income? Explain. 2. Assume that the company can avoid $24,000 of fixed expenses by discontinuing the laminate flooring product line (these costs are direct fixed costs of the laminate flooring product line). Prepare an incremental analysis to show whether the company should stop selling laminate flooring. 3. Now, assume that all of the fixed costs assigned to laminate flooring are direct fixed costs and can be avoided if the company stops selling laminate flooring. However, marketing has concluded that wood flooring sales would be adversely affected by discontinuing the laminate flooring line (retailers want to buy both from the same supplier). Wood flooring production and sales would decline 10%. What should the company do