Product L has revenue of $56,000, variable cost of goods sold of $29,000, variable selling expenses of

Question:

Product L has revenue of $56,000, variable cost of goods sold of $29,000, variable selling expenses of $12,000, and fixed costs of $18,000, creating a loss from operations of $3,000.
(a) Determine the differential income or loss from sales of Product L.
(b) Should Product L be discontinued?