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Shown below is a segmented income statement for Hickory Company's three wooden flooring product lines: Aickory's management is deciding whether to keep or drop the parquet product line. Hickory's parquet flooring product line has a contribution margin of $50,000 (sales of $300,000 less total variable costs of $250,000 ). All variable costs are relevant. Rolevant fixad costs assaciated with this the include $30,000 in machine rent and $4,700 in supervision salaries. 1. Ust the alternatives being considered with respect to the parquet flooring line. 2. List the relevant benerits and costs for keeping the parquet flooring line? 3. Which altemative is more cost effective and by how much? by 5