Varioble and Absorption Costing - Three Products Winsiow tnc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 20Y1 In addition, you have determined the following information with respect to allocated ficed costs: These fixed costs are used to support all three product lines and will not change with the elimination of any one product in addition, vou have determined that the effects of inventory thay be ignored. The manogement of the company has deemed the profit performance of the nunning shoe line as unacceptable. As a resul, it has decided to elirninate the runhing shee line. Manogement obes not expect to be able to increase sales in the other two lines. However, as a result of eliminating the running shoe Bne, management expects the profits of the company to increase by $60,300. Prepare a variable costing income statement for the three products. Enter a net loss as a negative number using a minus sign