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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 $2,400, eee MARINETTE COMPANY Income Statement-Canoe Segment Sales Variable costs Direct materials $530,eee Direct labor 580, een Variable overhead 380, eee Variable selling and administrative 240,eee Total variable costs Contribution margin Fixed costs Direct 455,800 Indirect 380, eee Total fixed costs Net income 1,730, eee 678,000 835,000 $ (165,000) 1. If canoes are discontinued, calculate the net income lost or gained. 2. Should management discontinue the manufacturing of canoes? Complete this question by entering your answers in the tabs below. Required 1 Required 2 If canoes are discontinued, calculate the net income lost or gained. (Leave no cells blank. Enter zeros where appropriate.) Keep the department Eliminate the department Sales Expenses Total expenses Net income (loss) Should management discontinue the manufacturing of canoes? Should management discontinue the manufacturing of canoes