Structuring a Keep-or-Drop Product Line Problem with Complementary Effects Shown below is a segmented income statement for Hickory Company's three wooden floorina nmdurt lines: ep or drop the parquet product line. Hickory's parquet fooring product line has a contribution margin of $50,000 (saies o Relevant fxed costs associated with this line include 80% of parquet's machine rent and all of parquet's superyision salaries. In addition, assume that dropping the parquet product line would reduce sales of the strip line by 20% and sales of the plank line by 20%6. All other information remains the same. Requiredi 1. If the parquet product line is dropped, what is the contribution margin for the strip line? For the plank line? 1 2. Which aiternatlve (keep or drop the parquet product line) is now more cast effective and hy haie