knowledge check 01 a company has three product lines, one of which reflects the following results: sales $ 215,000 variable expenses 125,000 contribution margin 90,000 fixed expenses 140,000 net loss $ (50,000 ) if this product line is eliminated, 60% of the fixed expenses are traceable fixed expenses, which can be eliminated, and the other 40% are common fixed expenses that cannot be avoided. if management decides to eliminate this product line, the company's net income will . multiple choice increase by $50,000 decrease by $90,000 decrease by $6,000 increase by $6,000