Required: Compute the overall increase or decrease in the net income of Northern Stores if Store A closed. Complete your answer on the template provided.

Assignment #2 - Winter Semester Acct 2250 Northern Stores is a retailer in the upper Midwest. The most recent monthly income statement for Northern Stores is given below: : Assignment #2 - Winter ACCT 2250 - Answer template Loss in Contribution if Store closed Total Store A Store B Sales $2,100,000 $1,300,000 $800,000 1,300,000 942.000 358,000 Less variable expenses 800,000 358,000 442,000 Contribution margin 300,000 111,000 189,000 Less traceable fixed expenses Net increase/decrease in income of closing Store Segment margin 500,000 247,000 253,000 500,000 250,000 250,000 Less common fixed expenses Net income (loss) $0 ($3,000) $3,000 End of docume Northern is considering closing Store A. If Store A closed, one-half of its traceable fixed expenses would continue to be incurred. Also, the closing of Store A would result in a 10% decrease in contribution margin in Store B. Northern allocates common fixed expenses based on sales dollars and none of these costs would be saved if a store were shut down. Required: Compute the overall increase or decrease in the net income of Northern Stores if Store A closed. Complete your answer on the template provided