Ridley and Scott Mercantile operates two stores, one on Sheridan Avenue and the other on Grouper Road. Results for the month of May, which is representative of all months, are as follows: Sales Variable expenses Contribution margin Direct fixed expenses Common fixed expenses Total fixed expenses Operating income Sheridan Avenue Store $84,600 31,900 52,700 19,400 4,800 24,200 $28,500 Grouper Road Store $121,000 85,000 36,000 41,000 5,400 46,400 $(10,400) Total $205,600 116,900 88,700 60,400 10,200 70,600 $18,100 The following information pertains to Ridley and Scott's operations One-fourth of each store's direct fixed expenses would continue If either store were closed. Ridley and Scott allocates common fixed expenses to each store on the basis of sales dollars. Management estimates that closing the Grouper Road store would result in a 10% decrease in the Sheridan Avenue store's sales, while closing the Sheridan Avenue store would have no effect on the Grouper Road store's sales. (al) Calculate the operating income if the Grouper Road store is closed. be Operating income $ Click if you would like to Show Work for this question: Open Show Work