AP-4A LO 2 Pacific Hotel has been incurring losses for the past few years in the lobby gift shop. In an attempt to improve the overall financial performance of the company, the general manager is considering closing the space. The contribution margin Income statement for the gift shop is shown below. Pacific Hotel Gift Shop Contribution Margin Income Statement For the Year Ended December 31, 2020 Revenue $200,000 Variable Costs (150,000) Contribution Margin 50,000 Fixed Costs (80,000) Income from Operations ($30,000) The following additional information is also available regarding the gift shop: If the shop is closed, 80% of the segment's fixed costs will remain with the company. The remaining 20% of the fixed costs will no longer be incurred by the company if the shop is closed. If the shop is closed the contribution margin will increase by a total of $20,000 in other segments of the hotel Should the gift shop be closed or remain open