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Day Street Deli's owner is disturbed by the poor profit performance of his ice cream counter. He has prepare following profit analysis for the year

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

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