Williams Products Inc. manufactures and sells a number of items, including school knapsacks. The company has been experiencing losses on the knapsacks for some time, as shown by the contribution format income statement below:

$\backslash$table$[[\backslash$table$[[$WILLIAMS PRODUCTS INC.$],[$Income Statement$-$School Knapsack$],[$For the Quarter Ended June $30]],,],[$Sales$,,$$$200,000$