Question: Please solve this question General accounting and step by step explanation The condensed income statement for a business for the past year is presented as

Please solve this question General accounting and step by step explanation

Please solve this question General accounting and
The condensed income statement for a business for the past year is presented as follows: Product Total Sales $250,000/$220,000/$330,000/$800,000 Less Variable Cost $150,000/$140,000/$200,000/$490,000 Less Fixed Cost $30,000 $40,000 | 000 $50,000 | 000 $120,000 000 Income (Loss) From $70,000 |$40,000 [$80,000 /|$190,000 Operations Management is considering the discontinuance of the Contribution Margin |$100,000/$80,000 |$130,000/$310,000 manufacture and sale of Product B at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products A and C. What is the amount of change in net income for the current year that will result from the discontinuance of Product B

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