Lucille's is a national chain of clothing stores. They are currently thinking about closing their Greeley, Colorado storebecause of continuing losses. The most recent annual income statement is given below Net sales Cost of goods sold Gross margin 2,215,000 1465,000 750,000 Expenses: Manager salary Asst Manager salary Sales staff salaries Sales commissions Rent Utilities Advertising Maintenance General overhead 65,000 35,000 230,000 221500 54300 24,000 90,000 36,000 80,000 835,800 Net loss The manager's salary is set by her boss, the regional manager, consistent with pay levels in the corporation. She hired the assistant manager to help with administrative and marketing details. Maintenance is handled by an outside contractor hired by the manager, which sends a crew in daily after hours. Sales staff are paid wages and commissions consistent with company policy. Rent is a small fixed charge plus a percent of sales. Advertising consists of local advertising ($40,000) purchased by the manager, plus $50,000 allocated from national advertising campaigns. General overhead is an allocation of regional and national administrative costs. Ofthese, $8,000 reflect accounting and HR costs incurred because of the Greeley store. The store lease was negotiated by the national office. There are ten years left on the lease