Suarez Corporation runs two convenience stores, one in Connecticut and one in Rhode Island. Operating income for each store in 2020 is as follows:

Data table More info The equipment has a zero disposal value. In a senior management meeting, Maria Lopez, the management accountant at Suarez Corporation, makes the following comment, "Suarez can increase its profitability by closing down the Rhode Island store or by adding another store like it." Requirements 1. By closing down the Rhode Island store, Suarez can reduce overall corporate overhead costs by $43,000. Calculate Suarez's operating income if it closes the Rhode Island store. Is Maria Lopez's statement about the effect of closing the Rhode Island store correct? Explain. 2. Calculate Suarez's operating income if it keeps the Rhode Island store open and opens another store with revenues and costs identical to the Rhode Island store (including a cost of $26,000 to acquire equipment with a 1-year useful life and zero disposal value). Opening this store will increase corporate overhead costs by $3,000. Is Maria Lopez's statement about the effect of adding another store like the Rhode Island store correct? Explain. Requirement 1. By closing down the Rhode Island store, Suarez can reduce overall corporate overhead costs by $43,000. Calculate Suarez's operating income if it closes the Rhode Island store. Is Maria Lopez's statement about the effect of closing the Rhode Island store correct? Explain. Begin by calculating Suarez's operating income if it closes the Rhode Island store. (Complete all input fields. Enter losses in revenues as a negative amount. Enter a "0" if the cost is not relevant. If the net effect is an operating loss enter the amount with parentheses or a minus sign.)