9 points Save Answer QUESTION 10 Due to the sluggish economy, the Sea to Summit Company has experienced some difficulty in selling its tents. The following data relates to 2019: Sales (9,000 units @ $100) Less variable costs (9,000 @ $60) Contribution margin Less fixed costs Net loss $900,000 540,000 $360,000 400,000 ($40,000) Required: The product manager believes that a $40,000 increase in advertising would result in a $120,000 increase in annual sales. If the manager is right, what will be the effect on the company's net income or loss? (9 marks)