Angelic Rain Gear sells monogrammed umbrellas on Etsy. Angelic Rain Gear is currently seling 800 umbrellas a month at a price of $36 per umbrela. The variable cost of each umbrela sold includes $5 to purchase the merchandise from suppliers and a 55 commission paid to Etsy, Fixed costs are $3400 per month. The company is considering raising the seling price of each umbrelato 540, but berves the number of unreles sold would drop by 35% as a result of the price Increase. Should Angelic Rain Gear raise the selling price of its umbrellas? Begin by preparing the contribution margin income statement at the current selling price of $ per umbrela, Angelic Rain Gear Contribution Margin income Statement Next, calote Angelic Rain Gear's operating come the changes are made (Use parentheses or a minun for an operating the changes are made, Angelo Rain Gear's operating income (oss) wil be Angelic Rain Gear raise the ling price of its umbrellas because its operating income wil by Angelic Rain Gear sells monogrammed umbrellas on Etsy. Angelic Rain Gear is currently seling 800 umbrelas a month at a price of $6 per umbrel. The variable cost of each umbrela sold indudes $5 to purchase the merchandise from suppliers and a $5 commission paid to Etsy Fixed costs are $3.400 per month. The company is considering raising the weling price of each umbrellato 540, but believes the number of unbras sold out ro by 39% as a matter Increase. Should Angelic Rain Gear raise the selling price of its umbrellas? Begin by preparing the contribution margin income statement at the current selling price of $35 per umbrella Angelie Rain Gear Contribution Margin Income Statement Next, calculate Angelic Rain Gear's operating income if the changes are made Une portes oramus sign for an operating) of the changes are made, Angelo Rain Gear's operating income foss) will be raise the selling price of its umbrellas because its operating income wil Angeli Rain Gear by