M8-1 Evaluating the Decision to extend Credit [LO 8-11 Nutty Productions Inc, generated service revenue of $42.000 and income from operations of $16,000. The company estimates that, had it extended credit, it would have instead generated $78,000 of service revenue, but it would have incurred $31,000 of additional expenses for wages and bad debts. 1-a. Using these estimates, calculate the amount by which income from Operations would increase (decrease) Income from Operations by