Hickory's management is deciding whecher to keep or drop the parquet product line. Hickory's parquet flooring product line has a contribution margin of $0,000 (sales of $300,000 less total variable costs of $250,000), All variable costs are relevant. Relevant fixed costs associated with this tine include 80% of porquet's machine rent and ali of parquet's supervision salaries. In addition, assume that dropping the parquet product line would reduce sales of the strip line by 21% and sales of the plank line by 20%, All other information remains the same. Required: 1. If the parquet product line is dropped, what is the contribution margin for the strip line? For the plank line? 2. Which alternative (keep or drop the parquet product line) is now more cost effective and by how much? by s