Question 17 The income statement for Lovely Locks is divided by its two product lines, Curling Irons and Straighteners, as follows: Curling Irons Straighteners Total Sales Revenue $630,000 $260,000 $890,000 Less Variable Expenses $470.000 $210.000 $680.000 Contribution Margin $160,000 $50,000 $210,000 $95.000 $95.000 $190.000 Less Fixed Expenses $65,000 ($45,000) $20,000 Operating Income If Lovely Locks can eliminate fixed costs of $36,000 by discontinuing the Straightener line, then discontinuing it should result in which the following? Decrease in total operating income of $14,000 Decrease in total operating income of $20,000 Increase in total operating income of $20,000 Increase in total operating income of $14,000 MacBook Air