Thornton Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's departrient has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected to continue to do so. Last year's income statements follow lldren's s 560,eee s 280,0ee Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities s 700,0ee )- (273,509) (182,869) 317,269 426,580 (68,000) (122,200) (37,009) 0,000 (57,000) (91,600) (37,000) 95,125 (37,000) (35,900) (37,008) Net income (loss) 179,309 s 111,60e s (34,775) Required o. Calculate the contribution margin. Determine whether to eliminate the children's department b-1. Calculate the net income for the company as a whole with the children's department. b-2. Confirm the conclusion you reached in Requirement a by preparing income statements for the company without the children's department c. Eliminating the children's department would increase space available to display men's and women's boots. Suppose management estimates that a wider selection of adult boots would increase the store's net earnings by $48,000. Would this information affect the decision that you made in Requirement a