Your Retail Store's accountant prepared the following income statement for the ladies' accessories product line: Sales $2,800,000 1,200,000 Less: Variable expenses Contribution margin 1,600,000 Less: Fixed expenses Wages $1,100,000 60,000 Insurance on inventory Advertising Net operating income (loss) 600,000 1.760.000 $_160.000 Management is concerned about the loss and is considering dropping the product line. If the product line is dropped, a job has to be created elsewhere for a long-term employee currently earning an annual salary of $80,000. Required: Should the ladies' accessories product line be dropped? Show the required computations