Challenge Exercise 7-1 CALCULATOR PRINTER VERSION BACK NEXT Conklan Company manufactures outdoor fireplaces. For the first 9 months of 2020, the company reported the following operating results while operating at 80% of plant capacity: Sales (81,100 units) Cost of goods sold Gross profit Operating expenses Net income $7,217,900 5,170,125 2,047,775 811,000 $1,236,775 Cost of goods sold was 80% variable and 20% fixed; operating expenses were 70% variable and 30% fixed. In October, Conklan Company receives a special order for 4,400 fireplaces at $60 each from Langston's Landscape Company. Acceptance of the order would result in an additional $6,300 of shipping costs but no increase in fixed operating expenses. Prepare an incremental analysis for the special order. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Revenues Costs Cost of Goods Sold Operating Expenses Shipping Expenses Net Income Reject order Accept order Net Income Increase (Decrease) $ Should Conklan Company accept the special order? Why or why not? its income is with this order. $