Conceptual Connection: If Gilmore's estimate of bad debts is correct $(3\mathrm{.}05\%$ of credit sales$)$ and the gross margin is $20\%,$ by how much did Gilmore's income from operations increase assuming $$150,000$ of the sales would have been lost if credit sales were not offered? NOTE: previous experts answered $$34575$ & $$25425$ and both are incorrect