ABC Company operates two stores in Philippines - one in Bohol and another in Cebu City. The operating results for February 2025, which are representatives of all months, are condensed as follows:

Bohol Store

Cebu City Store

Total

Sales

400,000

600,000

1,000,000

Variable costs

160,000

420,000

580,000

Contribution Margin

240,000

180,000

420,000

Direct fixed costs

100,000

200,000

300,000

Store Margin

140,000

(20,000)

120,000

Indirect fixed costs, allocated based on peso sales

20,000

30,000

50,000

Operating income

120,000

(50,000)

70,000

Additional Information:

1. Thirty percent (30%) of each store's direct fixed costs cannot be eliminated even if either store is closed.
2. If the Cebu City store is closed, the Bohol Store's sales would decrease by 20%. However, closing the Bohol Store would not affect the Cebu City Store's sales.

Question:

If the objective is to maximize total company profit, which store should be closed? Provide complete answers and solutions if necessary.