Your answer is partially correct. Try again. Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $505,000, variable expenses of $368,000, and fixed expenses of $148,000. Therefore, the gloves and mittens line had a net loss of $11,000. If Gator eliminates the line, $45,000 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Continue Eliminate Net Income Increase (Decrease) Sales 505000 505000 Variable costs 368000 368000 Contribution margin To 137000 Fixed costs T 148000T 45000 103000 Net income / (Loss) 11000 11000 -45000 34000 34000 not eliminate The analysis indicates that Gator should the gloves and mittens line. Click if you would like to Show Work for this question: Open Show Work