You are a cost accountant at Misha's Crystal Emporium. The company has three operating segments: Crystals, Candles, and Books. For the year ended December 31, 2022 the company had the following income analysis: Crystals Candles Books Sales $3,200,000 $1,300,000 $4,500,000 Total $9,000,000 Cost of goods sold 2,650,000 760,000 3,100,000 6,510,000 Gross profit 550,000 540,000 1,400,000 2,490,000 Direct expenses 275,000 450,000 660,000 1,385,000 Allocated expenses 125,000 150,000 350,000 625,000 Net income (loss) $150,000 ($60,000) $390,000 $480,000 Once the CFO reviewed your work, she is considering dropping the Candles segment as it appears to be costing the company money. If the Toys segment is dropped sales are not expected to change for the other segments and the allocated expenses will remain for the total company. Required: a. As the company's cost accountant, prepare an analysis to determine whether or not to drop the Candles segment. (You need to show your work.) b. In addition to the analysis you need to explain to the CFO why you believe the Candles segment should be kept or dropped. (Minimum 2-3 sentences) Edit View Insert Format Tools Table