FIONI 13-4UM MIYU) CHITTOLINY Seyre LUIS Ce my work Walton 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. 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. Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net Income (loss) Men's Department $ 720,000 (274,500 445,500 (70,000) (124,200) (39,000) (22.000) $ 190, 360 Women's Department $ 500.000 (183.600) 316,400 (59,000) (93,600) (39,000 (22.000) $ 102,500 Children's Departs $ 220,000 (105.875 114,125 (39,000) (36,900) (39,000) 22.000 5 (22,225) Required a. Calculate the contribution to profit. 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 b-2. Confirm the conclusion you reached in Requirementa by preparing income statements for the company without the children's department Required A Required B1 Required B2 Required Confirm the conclusion you reached in Requirement a by preparing income statements for the company without the children's department. Mon's Department Women's Department Company Total Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net income (loss)