Analyze Operational Changes Richmond's is a retail store with eight departments, including a garden department that has been operating at a loss. The following condensed income statement gives the latest year's operating results: a. Calculate the gross profit percentage for the garden department and for the other departments as a group. Garden department 0 % All other departments 0 % b. Suppose that if the garden department were discontinued, the space occupied could be rented to an outside firm for $36,000 per year and the common expenses of the firm would be reduced by $9,000. What effect would this action have on Richmond's net income? (Ignore income tax in your calculations.) Richmond's net income would ____ by $ 0. c. It is estimated that if an additional $12,000 were spent on advertising, prices in the garden center could be raised an average of 5% without a change in physical volume of products sold. What effect would this have on the operating results of the garden department? Again, ignore income tax in your calculations.) Use a negative sign to indicate a net loss answer: otherwise do not use negative signs with your answers