ABC Company sells three products. Income statements for the three products for the mostrecent year appear below: Product A Product B Product C Sales...

ABC Company sells three products. Income statements for the three products for the mostrecent year appear below:Product C$145,00087,0002,0008,000The rent is allocated to the three products equally and the property taxes are allocatedbased on the square footage each product uses in the factory.The president of the company is considering eliminating Product A.Assume that if Product A is dropped the sales of Product B will increase by $8,000and the sales of Product C will increase by $5,000.Calculate the increase in company profits if Product A is dropped. Do not use decimalsor type the word increase after your answer.