3 Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net Income (loss) 398,560 (60,000) (114,200) (29,000) (12,000 $ 175,300 100,400 (49,000) (83,600) (29,000) (12,620) $ 126,800 99,125 (29,000) (31,900) (29,000) (12,080) s (2,775) 3.34 points eBook Required a. 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 $40,000. Would this information affect the decision that you made in Requirement a? Print References Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Required Confirm the conclusion you reached in Requirement a by preparing income statements for the company without the children's department. Men's Women's Department Department Company Total 0 Sales 0 0 0 0 0 0 0 Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net income (loss) 0 0 0 $ 0 S 0 $ 0 3 Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net Income (loss) 398,560 (60,000) (114,200) (29,000) (12,000 $ 175,300 100,400 (49,000) (83,600) (29,000) (12,620) $ 126,800 99,125 (29,000) (31,900) (29,000) (12,080) s (2,775) 3.34 points eBook Required a. 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 $40,000. Would this information affect the decision that you made in Requirement a? Print References Complete this question by entering your answers in the tabs below. Required A Required B1 Required B2 Required Confirm the conclusion you reached in Requirement a by preparing income statements for the company without the children's department. Men's Women's Department Department Company Total 0 Sales 0 0 0 0 0 0 0 Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net income (loss) 0 0 0 $ 0 S 0 $ 0