The equipment has a zero disposal value. In a senior management meeting, Maria Lopez, the management accountant at Suarez Corporation, makes the following comment, "Suarez can increase its profitability by closing down the Rhode Island store." Is Maria Lopez Correct? Read the requirements Requirement 1. By closing down the Rhode Island store, Suarez can reduce overall corporate overhead costs by $44,000, Calculate Suarez's operating income it closes the Rhode Island store. Is Maria Lopez's statement about the effect of closing the Rhode Island store correct? Explain Begin by calculating Suarez's operating income i it closes the Rhode Island store. (Enter losses in revenues as a negative amount. Enter a "0" if the cost is not relevant. If the net effect is an operating loss enter the amount with parentheses or a minus sign.) Loss in Revenues) Savings in Costs Operating costs Data Table Cost of goods sold Lease rent (renewable e Labor costs (paid on an Depreciation of Connecticut Store Rhode Island Store Revenues 1,050,000$ 810,000 Operating costs Enter any number in the ed Cost of goods sold Lease rent (renewable each year) Labor costs (paid on an hourly basis) Depreciation of equipment Utilities (electricity, heating) Allocated corporate overhead 750,000 86,000 46,000 20,000 41,000 51,000 994,000 670,000 76,000 37,000 23,000 43,000 37,000 886.000 (76,000) Total operating costs 56,000 $ Operating income (loss) Print Done