calculate lopezs iperating income if it keeps the rhode island store open and opens another store with revenues and costs to the rhode island store (including a cost of $24,000 to aquire equipment with a one year usefule life and zero disposal value) opening this store will increase corporate overhead costs by$6000. is maria lopezs statement about the effect of adding another store like the rhode island store correct?

begin by calculatin lopezs operating income if it keeps the rhode island store open and opens another store with revenues and costs identical to the rhod island store.

****ignore my answer. calculations were wrong

%E11-30 (similar to) Lopez Corporation runs we convenience stores, one in Connecticut and one in Rhode Island Operating income for each one in 2017 is as follows to view the operating income for the stones) m ents information) one on to view the add- o Read the r es equipment with a new Requirement 2. Cao and Begin by calculating to sign) Lopes et income Opening the eating income s s thethode and stores and consthere with us and o n the Rhode and store including a cost of r o ad .00 Vara Lo b orecading hot and store the Rhode and store open and opens another store with events and othe Rhode and store the disa per s one amount parentes Incremental Revenues incremental Coss 2000 Revenues Operating Cart of goods Deprecatione che Corporate overhead Total operating costs Enter any number and then cick Check Data Table Connecticut Store Rhode Island Store 1,150,000 $ 830,000 Revenues Operating costs Cost of goods sold Lease rent (renewable each year) Labor costs (paid on an hourly basis) Depreciation of equipment Utilities (electricity, heating) Allocated corporate overhead Total operating costs Operating income (loss) 750,000 89,000 49,000 20,000 41,000 49,000 998,000 152,000 $ 680,000 77,000 39,000 24,000 45,000 39,000 904,000 (74,000) Print Done i More Info The equipment has a zero disposal value. In a senior management meeting, Maria Lopez, the management accountant at Lopez Corporation, makes the following comment, "Lopez can increase its profitability by closing down the Rhode Island store or by adding another store like it. Print Done