Write a business letter to Mr. Shrute explaining whether or not he should drop the beets. Also prepare a spreadsheet for him so he can understand it and refer to the spreadsheet in the letter

Schrute Company has three products: pigs, Beets, and Hemp. Income statements of the three product lines for the latest month are given below Product Line Pigs Hemp Beets Sales $467,000 $314,000 $598,000 Variable Costs 241,000 169,000 321,000 Contribution Margin $226,000 $145,000 $277,000 Direct Fixed Costs 91,000 86,000 112,000 Allocated Fixed costs 93,000 62,000 120,000 Net Income $42,000 $3,000 $45,000 Dwight, the CEO of the company, is considering dropping the beets segment of the business because it is losing money. He has asked you to give him advice. Required: write a business letter to Mr. Sc explaining whether he should drop beets or not. Prepare a spreadsheet for him so he can understand it and refer to the spreadsheet in your letter