Shown below is a segmented income statement for Hickory Company's three wooden flooring product lines: Hickory's managernent is deciding whether to keep or drop the parquet product line. Hickory's parquet flooring product line has a contnbution margin of $50,000 (sales of $300,000 less total variable costs of $250,000 ), All varlable costs are relevant. Relevant fixed costs associated with this line include $38,000 in machine rent and $5,100 in supervision salaries. Required: 1. Ust the alternatives being considered with respect to the parquet flooring line. 2. Ust the relevant benefits and costs for keeping the parquet flooring line. 3. Which alternative is more cost effective and by how much? by 3