2a) New Street Deli's owner is disturbed by the poor profit performance of his ice-cream counter. He has prepared the following profit analysis for 2005: $ 67,500 30,000 37,500 $ Sales Less cost of food Gross profit Less operating expenses: Wages of counter personnel 18,000 Paper products 6,000 Utilities (allocated) 4,350 Depreciation of counter equipment and furnishings 3,750 Depreciation of building(allocated) 6,000 Deli manager salary (allocated) 4,500 Total operating expenses Loss on ice-cream counter 42,600 (5,100) On the basis of relevant cash flow analysis, you are required to evaluate the above analysis that has been prepared by the manager and provide a correct analysis and assess whether or not the ice-cream counter should be continued