Day Street Delis 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 $ 45,000 Less: Cost of food 20,000 Gross profit $ 25,000 Less: Operating expenses: 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 managers salary (allocated) 3,000 Total 28,400 Loss on ice cream counter $ (3,400 ) Required: Correct the owner's profit analysis for the year just ended