Question 16 A retailer called ABC has two departments, Grocery and Housewares. The following information is given for the most recent month 7 points Serie Total Grocery Housewares Sales 2.750,000 2,000,000 750,000 Variable expenses 850.000 600,000 250.000 Contribution margin 1.900,000 1,400,000 500,000 Fixed expenses 1.375.000 800.000 525.000 Net operating income (loss) 525,000 600,000 (75,000 A study indicates that $120.000 of the fixed expenses being charged to Housewares are allocated costs that will continue even if the Housewares department is shut down. In addition, the elimination of the Housewares department will result in a 10% decrease in the sales of the Grocery department If the Housewares department is dropped, what will be the effect on the net operating income of the company as a whole? (You should give a dollar amount and increase/decrease as part of your answer. For example, you might say that "Net operating income of the company would decrease $5.00 TTTT Paragraph Arial : 3 (12) E- %D0Q TT fx shap-14 Words Moving to another question will save this response Question 16 of 30