M8-1 (Algo) Evaluating the Decision to Extend Credit [LO 8-1] Nutty Productions incorporated generated semice revenue of $68,000 and income from operations of $29,000. The company estimates that, had it extended credit, it would have instead generated $117,000 of service revenue, but it would have incurted $44,000 of additional expenses for wages and bod debts Required: 1-a. Using these estimates, calculate the amount by which Income from Operations would increase (decrease). 1.b. Should the company extend credit? Complete this question by entering your answers in the tabs below. Using these estimates, calculate the amount by which income from Operations would increase (decrease). M8-1 (Algo) Evaluating the Decision to Extend Credit [LO 8-1] Nutty Productions incorporated generated service revenue of $68,000 and income from operations of $29,000. The company estimates that, had it extended credit, it would have instead generated $117,000 of service revenue, but it would have incurred $44,000 of additional expenses for wages and bad debts. Required: 1.a. Using these estimates, calculate the amount by which Income from Operations would increase (decrease). 1-b. Should the company extend credit? Complete this question by entering your answers in the tabs below. Should the company extend credit