Your Company plans to discontinue a department that has a contribution margin of $22,000 and $50,000 in fixed costs. Of the fixed costs, 42%6 cannot be eliminated. What is the effect of this...

Extracted text: Your Company plans to discontinue a department that has a contribution margin of $22,000 and $50,000 in fixed costs. Of the fixed costs, 42%6 cannot be eliminated. What is the effect of this discontinuance on net operating income? O decrease by $24,000 increase by $ 7,000 O decrease by $ 7,000 O increase by $ 1,000 O decrease by $ 1,000