The income statement for Bonita Salmon Sales, which produces smoked salmon, follows: $ 762,400 Revenue (95,300 lbs) Expenses Fish Smoking materials Packaging materials Labour (wages) Administration Sales commissions Total expenses Pretax income $190,600 19,060 19,060 324,020 133,420 9,530 695,690 $ 66,710 Assume that the administrative costs are fixed and that all the other costs are variable. Your answer is partially correct. Try again. Suppose the provincial government curtails fishing because of low fish counts. As a result, Bonita Salmon Sales can buy only 47,650 lbs of salmon this year. Assume that the selling price, the fixed costs, and the variable costs remain the same as last year. Using only quantitative information, should Bonita Salmon operate this year? Explain your answer, using calculations. (Hint: Before you begin, identify the type of non-routine operating decision, the decision options, and the relevant information for this decision.) (Round answer to 2 decimal places, e.g. 5.35.) Contribution margin: 2.3 per Ib salmon Assume that Bonita Salmon can buy up to 67,760 lbs of fish at $2.00/lbs and that the remainder of the fixed and variable costs remain the same as last year. Also assume that the selling price remains the same as last year and that the market will purchase at least another 30,110 lbs of fish. If the managers of Bonita Salmon wish to sell more salmon, what should they be willing to pay to purchase more fish? (Hint: This type of decision is different from the one in the previous part. Before you begin, identify the type of non-routine decision, the decision options, and the relevant information for this decision.) (Round answer to 2 decimal places, e.g. 5.35.) Willing to pay: per Ib salmon