Or the past year, woolcorp has experimented with its third product, extra-thick rug yarn. the company wishes to consider whether to continue or discontinue manufacturing and selling this product. you decide to prepare a differential analysis of the income related to all three products. to begin your analysis, you review the following condensed income statement. then scroll down to complete the differential analysis. woolcorp condensed income statement for the year ended december 31, 20y8 1 raw wool wool yarn rug yarn total company 2 sales $210,000.00 $155,000.00 $187,000.00 $552,000.00 3 cost of goods sold: 4 variable costs $48,000.00 $18,600.00 $37,170.00 $103,770.00 5 fixed costs 32,000.00 12,400.00 24,800.00 69,200.00 6 total cost of goods sold $80,000.00 $31,000.00 $61,970.00 $172,970.00 7 gross profit $130,000.00 $124,000.00 $125,030.00 $379,030.00 8 operating expenses: 9 variable expenses $5,000.00 $7,750.00 $53,120.00 $65,870.00 10 fixed expenses 89,000.00 77,500.00 106,200.00 272,700.00 11 total operating expenses $94,000.00 $85,250.00 $159,320.00 $338,570.00 12 income (loss) from operations $36,000.00 $38,750.00 $(34,290.00) $40,460.00