Check my work M8-1 Evaluating the Decision to Extend Credit (LO 8-11 Nutty Productions Inc. generated service revenue of $34,000 and income from operations of $12,000. The company estimates that, had it extended credit, it would have instead generated $66,000 of service revenue, but it would have incurred $27.000 of additional expenses for wages and bad debts. 5 points 1-a. Using these estimates, calculate the amount by which income from Operations would increase (decrease) Income from Operations References 1-b. Should the company extend credit? Yes