Current Attempt in Progress Your answer is partially correct. Lion Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $496,000, variable expenses of $372,500, and fixed expenses of $142,500. Therefore, the gloves and mittens line had a net loss of $19,000. If Lion eliminates the line, $44,500 of fixed costs will remain. Prepare an 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).) Sales Variable costs Contribution margin Fixed costs Net income/(loss) +A Continue Eliminate 496,000 372.500 123,500 142,500 -19,000 +A 44,500 44,500 Net Income Increase (Decrease) -496,000 +A 372,500 -123,500 98,000 25,500