Nutty Productions Inc. generated service revenue of $70,000 and income from operations of $30,000. The company estimates that, had it extended credit it would have instead generated $120,000 of service revenue, but it would have incurred $45,000 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 Increase by 1-b. Should the company extend credit? Yes No