Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment. (Leave no cells blank. Enter zeros where appropriate.) MARINETTE COMPANY Income Statement-Canoe Segment Sales Variable costs Direct materials Direct labor Variable overhead Variable selling and administrative Total variable costs Contribution margin Fixed costs Direct $2,100, 000 $ 470,000 520,000 320,000 210,000 1,520,000 580,000 395,000 320,000 Indirect Total fixed costs 715,000 $ (135,000) Net income 1. If canoes are discontinued, calculate the net income lost or gained. Keep the department Eliminate the department Sales Expenses: department department Sales Expenses: Direct materials Direct labor Variable overhead Variable selling and administratie costs Direct fixed costs Ydlnnak undakn Net income (loss) 2. Should management discontinue the manufacturing of canoes? Yes O No