Rocky Volcano Chocolate operates two stores, one in Edmonton and another in St$.$ John's. The following income statements were prepared for the most recent year:Net salesVariable costs:Cost of goods soldSales commissionUtilitiesEdmonton$$3,780,0001,512,000189,00017,200$St$.$ John's$$960,000528,00048,00015,300$ Contribution margin$$2,061,800$$$368,700$Fixed costs:Annual building lease$84,00039,000$Salaries$380,000180,000...$Q The store equipment and leasehold improvements have no market value. The building leases can be cancelled without penalty.Required:$*$ Calculate the dollar value of sales required for each store to break$-$even assuming that all of the fixed costs are to be covered?$*$ Should management close the St$.$ John's store? Assume that corporate overhead would be reduced by $$100,000$ if the St$.$ John's store is closed.