M8-1 (Algo) Evaluating the Decision to Extend Credit [LO 8-1] Nutty Productions Incorporated generated service. revenue of $44,000 and inicome from operations of $17,000. The company estimates that, had it extended credit, it would have instead generated $81,000 of service revenue, but it would have incurred $32,000 of additional expenses for wages and bad debts. Required: 1-o. 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)