Sheridan Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $489,000, variable expenses of $366,000, and fixed expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $27,000. If Sheridan eliminates the line, $48,000 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line.