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nfinity Designs, an interior des sign company, perienced a drop i business due to an increase in nterest rates and a corresponding slowdown in remodeling

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nfinity Designs, an interior des sign company, perienced a drop i business due to an increase in nterest rates and a corresponding slowdown in remodeling projects. To stimulate business, the company is considering exhibiting at the Home and Garden Expo. The exhibit will cost the company $12,000 for space. At the show, Infinity Designs will present a slide show on a PC, pass out brochures that are printed previously, (the company printed more than needed), and show its portfolio of previous jobs. The company estimates that revenue will increase by $36,000 over the next year as a result of the exhibit. For the previous year, profit was as follows: Revenue $201,000 Less: Design supplies (variable cost) $15,000 Salary of Samantha Spade (owner) 80,000 Salary of Kim Bridesdale (full time employee) _ 55,000 Rent 18,000 Utilities 6,000 Depreciation of office equipment 3,600 Printing of advertising materials 700 Advertising in Middleton Journal 2,500 Travel expenses other than depreciation of autos (variable cost) $2,200 Depreciation of company cars 9,000 Required: Calculate the impact of the exhibit on company profit. Round to two decimal places

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