17 4 points Jamie Rogers operates a small grocery store with three divisions: Floral, Groceries, and Meats. During the most recent period the company accountant reported the following results: Floral Groceries Meat Total Sales $1,500,000 $2,300,000 $2,900,000 $6, 700,000 Variable Costs 1,400,000 1,800,000 2,400,000 5,600,000 Fixed Costs 400,000 200,000 300,000 900,000 Income -$300,000 $300,000 $200,000 $200,000 Assume that if the Floral Department is closed sales in groceries will decrease by 10% and 25% of the fixed costs now allocated to the Floral Department will be saved. Under these conditions what will be the effect on income if the Floral Department is closed? O No change O None of the above O Decrease by $50,000 Increase by $60,000