please answer all questions

Structuring a Keep-or-Drop Product Line Problem with Complementary Effects Shown below is a segmented income statement for Hickory Company's three wooden fooring product lines: Hickory's management is deciding whether to keep or drop the parquet product line. Hickory's parquet nooring product line has a contribution margin of $50,000 (sales of $300,000 less total variable costs of $250,000 ). All variabie costs are relevant. Relevant fored costs associated with this line indude 80% of parquets machine rent and all of parquet's supervision salaries. In adation, assume that Gropping 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. 1. If the parquet product line is dropped, what is the contribution margin for the strip line? s For the plank line? 2. Which alternative (keep or drop the parquet product line) is now more cost effective and by how much? by 1