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Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire 512,000 for a private flight to Chicago for its members. Revenue $ 21,000 per flight Wages, sataries, and benefits $ 8,000 per flight Fuel and oit $5,500 per flight Food and beverages $700 per flight Depreciation $ 350,000 per year $ 300,000 per year (a) What is the contribution margin from accepting the offer? (0) Should the offer be accepted or rejected? Rent 23 Complete this question by entering your answers in the tabs below. Required Required What is the contribution margin from acompting the offer? (Negative amounts should be indicated with a minus sign) EMPIRE AIRLINES Contribution Margin Variable costs D Empire Airlines reports the following cost data for the year. The company flew 100 private flights during Empire $12,000 for a private flight to Chicago for its members. Revenue $ 21,000 per flight Wages, salaries, and benefits $ 8,000 per flight Fuel and oil $ 5,500 per flight Food and beverages $ 700 per flight Depreciation $ 350,000 per year Rent $ 300,000 per year (a) What is the contribution margin from accepting the offer? (b) Should the offer be accepted or rejected? 25 Complete this question by entering your answers in the tabs below. Required A Required B Should the offer be accepted or rejected? Should the offer be accepted or rejected?