For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You decide to prepare a differential analysis of the income related to all three products. To begin your analysis, you review the following condensed income statement. Then scroll down to complete the differential analysis. WoolCorp Condensed Income Statement For the Year Ended December 31, 20Y8 Raw Wool Wool Yarn Rug Yarn Total Company 2 Sales 200,000.00 $155,000.00 $197000.00 $552,000.00 Cost of goods sold: Variable costs Fixed costs $48,000.00 2,000.00 80,000.00 120,000.00 18,600.00 12,400.00 $31,000.00 124000.00 $135 $37,200.00 24,780.00 61,980.00 $103,800.00 69,180.00 172,980.00 02000 $379,020.00 Total cost of goods sold Gross profit Operating expenses: 5,000.00 89,000.00 94,000.00 $26,000.00 53,080.00 106,200.00 84,750.00$159,280.00 $65,83000 272,20000 $338,03000 $40,990.00 9 Variable expenses 7,750.00 Fixed expenses 77,000.00 Total operating expenses Income (loss) from 39,250.00 24,260