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Mendoca Company operates two retail stores, one in Modesto and one in Stockton. The company's income statement for April 2023 is given below: Due to

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Mendoca Company operates two retail stores, one in Modesto and one in Stockton. The company's income statement for April 2023 is given below: Due to its net operating loss, Mendoca is thinking about closing its Stockton store. Studies show that if Stockton is closed, one-fourth of its traceable fixed expenses will not be eliminated. The company allocates common (corporate administrative) fixed expenses to the stores on the basis of sales dollars. Required: Determine the effect of closing Stockton on the monthly income of the company

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