Data table More info Fixed manulacturing overhead costs account for 40% of the cost of goods, while only 30% of the operating expenses are fixed. Since the fruity rings line is just one of the company's cereal operations, only $780,000 of direct fixed costs (the majority of which is advertising) wil be eliminated if the product line is discontinued. The remainder of the fixed costs will still be incurred by the company. Suppose Wheatum is considering discontining its fruity rings product Ine. Assume that during the past year, the fruty rings' product line income statement showed the following: Click the ioon to view the inoome statement data.) [Cick the icon for addtionalinformation.] If the company decibes to discontinue the product line, what wis happen to the company's operaling income? Should Wheatum disconintue the fruty tings product line? Begin by prepsive a contritution margin thoome statement for the triny rings' product ine. (Use a minus sign or paventheses to enter a loss.) of discondinumg they fings If Wheasum discontined the trucy nings probuct ine, 2 wit income, Theredore, Wheatum dicontrue ths product ine