Athleisure lnc manufactures and sells legwear and athletic footwear. The company's product line income statement follows: Sales revenue Cost of goods sold Variable Fixed Total cost of goods sold Gross profit Marketin and administrative ex enses Variable Fixed Le wear Footwear Total 525,000 168,000 $693,000 112,500 73,500 $186,000 123,000 42,000 $165,000 $ 235,500 $115,500$ 351 ,ooo $289,500- $52,500 $342,000 37,500 42,000 $79,500 48,000 28,500 $76,500 Total marketing and administrative expenses $85,500 $70,500 _$156,000 Operating income (loss) $ 204,000 ($18,000) $186,000 Management is considering dropping the athletic footwear product line. Accountants for the company estimate that dropping the sneake line will decrease fixed cost of goods sold by $16,000 and fixed marketing and administrative expenses by $4,000. Required: Prepare an analysis supporting your opinion about whether or not the sneakers product line should be dropped.