last one is Net income (Loss)

Analyze operational changes Richmond's is a retail store with eight departments, including a garden department that has been operating at a loss. The following condensed income statement gives the latest year's operating results: Garden Department All Other Departments Sales $504,000 $3,600,000 Cost of sales 302,400 2.340,000 Gross profit 201,600 1,260,00 Direct expenses 162,00D 409,500 Common expenses 72,000 468,000 Total expenses 234.000 877.500 Net Income (Loss) $132,400) $382,500 a. Calculate the grass profit percentage for the garden department and for the other departments as a group, Garden department 0 46 All other departments 0 56 b. Suppose that if the garden department were discontinued the space occupied could be rented to an outside firm for $27,000 per year, and the common expenses of the firm would be reduced by $6,700. What effect would this action have on Richmond's net income? (Ignore income tax in your calculations.) Richmond's net income would by $ 0 C. It is estimated that if an additional $9,000 were spent on advertising prices in the garden center could be raised an average of 5% without a change in physical volume of products sold. What effect would this have on the operating results of the garden department? (Again, ignore income tax in your calculations.) Use a negative sign to indicate a net loss answer; otherwise do not use negative signs with your answers. Garden Department Income Statement Sales D Cost of sales Gross profit Direct expenses Common expenses Total expenses Net income il assi U 0 0 D 0