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Lion Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $496,000, variable expenses of $375,000, and fixed expenses of $147,000. Therefore, the gloves and mittens line had a net loss of $26,000. If Lion eliminates the line, $42,700 of fixed costs will remain.
Question 1: Analysis showing whether the company should eliminate the gloves and mittens line. (If an amount reduces the net income then enter with a negative sign preceding the number e.g. -15,000 or parenthesis, e.g. (15,000).)
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