Exercise 14-33 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 $79,000 37,000 Gross profit $42,000 Less: Operating expenses: Wages of counter personnel $18,800 Paper products (e.g., napkins) 7,400 Utilities (allocated) 4,600 Depreciation of counter equipment and furnishings 4,200 Depreciation of building (allocated) 7,400 Deli manager's salary (allocated) 4,700 Total 47,100 Loss on ice cream counter $(5,100) Required: Correct the owner's profit analysis for the year just ended. Less: Operating expenses Total