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EX 1 4 - 3 3 ( Algo ) Drop Product Line ( LO 1 4 - 4 , 1 4 - 5 ) Day

EX 14-33(Algo) Drop Product Line (LO 14-4,14-5)
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:
Wages of counter personnel
Paper products (e.g., napkins)
Utilities (allocated)
Depreciation of counter equipment and furnishings
Depreciation of building (allocated)
Deli manager's salary (allocated)
Total
Loss on ice cream counter
Required:
Correct the owner's profit analysis for the year just ended.
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