Analyzing Operational Changes Operating results for department B of Delta Company during 2016 are as follows: Sales Cost of goods sold Gross profit Direct expenses Common expenses $542,000 378,000 164,000 120,000 66,000 186,000 $(22,000) Total expenses Net loss If department B could maintain the same physical volume of product sold while raising selling prices an average of 15% and making an additional advertising expenditure of $42,000, what would be the effect on the department's net income or net loss? (Ignore income tax in your calculations.) Use a negative sign with your answer to indicate if the effect increases the company's net loss. If Department B increased its selling price by 15%, the effect on net income (loss) would be $ 623,300 X