Day Street Deli's owner is disturbed by the poor profit performance of his ice cream counter. He has prepared the following profit analysis for the year just ended. Sales Less: Cost of food Gross profit Less: Operating expenses: $45,000 20,000 $25,000 Wages of counter personnel $12,000 Paper products (e.g., napkins) 4,000 Utilities (allocated) 2,900 Depreciation of counter equipment and furnishings 2,500 Depreciation of building (allocated) 4,000 Deli manager's salary (allocated) 3,000 Total 28,400 $(3,400) Loss on ice cream counter Required: Criticize and correct the owner's analysis.