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Northern Stores is a retailer in the upper Midwest. The most recent monthly income statement for Northern Stores is given below: Store ! Store 11

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Northern Stores is a retailer in the upper Midwest. The most recent monthly income statement for Northern Stores is given below: Store ! Store 11 Total Sales 800,000 4,000,000 4,800,000 Variable expenses 600,000 2,500,000 3,100,000 Contribution margin 200,000 1,500,000 1,700,000 Common fixed expenses 300,000 800,000 1,100,000 Net operating income (100,000) 700,000 600,000 Northern is considering closing Store I. The closing of Store I would result in a 10% decrease in sales in Store II. Total company fixed costs would remain the same if Store I was shut down. Required: Box #1: Specify if the closing store I will increase" or "decrease" operating income. Box #2: Enter the amount ($ dollar value) of the increase or decrease in operating income A/ A/

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