1) Mars Corporation is considering dropping product Choc202. Data from the company's accounting system appear below: Sales Variable expenses Fixed manufacturing expenses Fixed selling and administrative expenses $740,000 $365,000 $250,000 $210,000 Consider the following information. Mars allocated all fixed expenses to products in the company's accounting system. However, deep investigation has revealed that $ 163,000 of the fixed manufacturing expenses and $140,000 of the fixed selling and administrative expenses are avoidable if product Choc202 is discontinued. Required: 1. What would be the financial advantage (disadvantage) of dropping Choc202? 2. Should the product be dropped? Show your work