Udraner 8. Spilker Linens Store has three departments: Bath, Kitchen, and Bed statement, showing the total operating profit and departmental results is sho bath, Kitchen, and Bedding. The most recent income rumental results is shown below: Total Bed of goods sole $2,100.00 0,000 Bath 2,000,000 sachen Sales Bath Kitchen Bedding $2,100,000 $1,000,000 Cost of goods sold $600,000 $500,000 (1.260.000) (500,000) (400,000) 360,000) Gross profit 840,000 Direct expenses 500,000 200,000 140,000 (420,000) (200,000) (100,000) (120,000) Allocated expenses (350.000) (100.000 (75,000) Net Income (loss $ 70.000 $ 200.00 $ 25,000 $(155, Based on this income statement, management is plar atement, management is planning on eliminating the Bedding department, as it is generating a net loss. If the Beddina denartment is eliminated, the kitchen department w nt is eliminated the kitchen department will expand to fill the space, but sales will not change in total, nor will direct expenses change in total, nor will direct expenses. None of Bedding's allocated expenses will De avoided, but they will be reallocated to Rath and Kitchen, Bath will be allocated $100,000 additional expenses, and kitchen will be allocated $75.000 additional expenses. Prepare a new income statement for arker Linens Store, showing the results of the Bedding Department is eliminated and indicate wheel eliminating the department is advisable. (15 points)