Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire $11,500 for a private flight to Chicago for its members. Revenue $ 20,500 per flight Wages, salaries, and benefits $ 7,500 per flight Fuel and oil $ 5,000 per flight Food and beverages $ 600 per flight Depreciation $325,000 per year Rent $ 275,000 per year (a) What is the contribution margin from accepting the offer? (6) Should the offer be accepted or rejected? Complete this question by entering your answers in the tabs below. Required A Required B What is the contribution margin from accepting the offer? (Negative amounts should be indicated with a minus sign) EMPIRE AIRLINES Contribution Margin Variable expenses