Chapter 06- Extra Credit Saved Help Save&ExiSubmit Check my work Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store In recent years, the children's department has operated at a net loss and is expected to continue to do so. Last year's income statements follow 6.66 polnts Men Women's Department 300,808 Children's Department Department $250,800 105,000 145,000 (26,800) (43,800) (18,508) 2,800 5 63,500 eBook Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities $60,000 125,000) ,000) 25,000 (12,000) 9,088) (10,5e0) 2,000 Ask 175,800 (30,800) (49,800) (18,580) 2,800 5 83,500 Net income (loss) 5 (8,500) Required a. Calculate the contribution margin. Determine whether to eliminate the children's department. b-1. Calculate the net income for the company as a whole with the children's department. 2, Confirm the conclusion vou reached in Reqirement a by preparing income statements for the company as a whole with and