WoolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currently WoolCorp makes three products: (1) raw, clean wool to be used as stuffing or insulation; (2) wool yarn for use in the textile industry, and (3) extra-thick yarn for use in rugs. Upper management would like your recommendations regarding a production decision regarding their current and proposed product lines. For the past year WooCorp has experimented with its third product, extra tiek ugyam. The company wishes to consider whether to continue or discordinue martacturing and selling the product you decide to prepare a different ways of the income related to the productsTo begin your analysis, you review the following condensed income statement. Then scroll down to complete the differential analysis WooCorp Condensed Income Statement For the Year Ended December 31, 2015 Raw Wool Tool Company Wool Yarn 5155.000.00 Rog Yarn 516700000 1. Sales 5210.000 DO 5532.000 DO Cost of goods sold. Vas $18.000 510373000 $48.000.00 52,000.00 550.000 200.00 1 12.400.00 6320000 Total cost of goods sald 550.000.00 3310000 $61.95000 5172.980.00 Gross profit $130.000.00 $12400000 S105 22000 5359.020.00 Operating expenses Varble expenses Fixed penses 5275000 555.100.00 55.000.00 85,000.00 565 350.00 272.700.00 106520000 77.500.00 585 25000 594,000.00 5551.550.00 11 Total operating expenses 12 Incon (los) from operations 5155 300.00 55421000 536.000.00 538.750.00 520,470.00 Complete the following table using the data in the preceding income statement to compare the effects of dropping eng yarn line of products. For those boxes in which you must enter subtracted or negative numbers use a minus sign. I an amount is zero, enter Differential Analysis Continue Rug Yam (Alemative 1) or Discontinue Rug Yarn ( Amative 2) December 31, 208 Disconti Continue Rug Yam (Alternative 1) (Alternative 2) Rus Yarn Diferential Effect on Income (Alternative 11 Revenues Code Variable & Fixed Income (los)