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M8-1 (Algo) Evaluating the Decision to extend Credit (LO 8-1] Nutty Productions Incorporated generated service revenue of $32,000 and income from operations of $11,000. The company estimates that had it extended credit, it would have instead generated $63,000 of service revenue, but it would have incurred $26,000 of additional expenses for wages and bad debts Required: 1-a. Using these estimates, calculate the amount by which income from Operations would increase (decrease) 1.b. Should the company extend credit? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Using these estimates, calculate the amount by which Income from Operations would increase (decrease). Income from Operations would Reg1 Req 18 > by M8-1 (Algo) Evaluating the Decision to extend Credit (LO 8-1] Nutty Productions Incorporated generated service revenue of $32,000 and income from operations of $11,000. The company estimates that, had it extended credit, it would have instead generated $63,000 of service revenue, but it would have incurred $26,000 of additional expenses for wages and bad debts. Required: 1-a. Using these estimates, calculate the amount by which Income from Operations would increase (decrease). 1-b. Should the company extend credit? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Should the company extend credit? OYes O No