Western Boot Co. sells men's, women's, and children's boots. For each type of hoot 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 department 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: Men's Women's Department $500,000 (104,400) 315,000 (51,000) (35,500) (41,000) (24,000) Children's Department 5 200,000 (225,500) 424,500 (22,000) Department :5 230,000 (105,325) 123,125 (41,000) (32,300) (41,000) (24,000) $ (20,225) Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease (126,200) (41,000) (24,000) $ 161,300 Store utilities Net income (loss) :5 04,000 Required a. Calculate the contribution margin. Determine whether to eliminate the children's department. h-l. Calculate the net income for the company as a whole wiith the children's department h-2. Confirm the conclusion you reached in Requirement a by preparing income statements for the company as a whole with and without the children's department. c. Eliminating the