Revenues Operating costs $ Connecticut Store Rhode Island Store 1,050,000 $ 800,000 Cost of goods sold 730,000 670,000 Lease rent (renewable each year) 88,000 76,000 Labor costs (paid on an hourly basis) 42,000 37,000 Depreciation of equipment 20,000 24,000 Utilities (electricity, heating) 47,000 49,000 51,000 39,000 Allocated corporate overhead 978,000 895,000 Total operating costs $ 72,000 $ (95,000) Operating income (loss)