Sanjana's Sweet Shoppe operates on the boardwalk of a New England coastal town. The store only opens for the summer season and the business is heavily dependent on the weather and the economy in addition to new competition. Sanjana Sweet, the owner, prepares a budget each year after reading long-term weather forecasts and estimates of summer tourism. The budget is a first step in planning whether she will need any loans and whether she needs to consider adjustments to store staffing. Based on expertise and experience, she develops the following Groos Margin per Customer Price - Contot Goods) $6.4 5.4 Soenario Good TAE Door Number of Customer 44,000 34,000 29,000 Sanjana assumes, for simplicity, that the gross margin and the estimated number of customers are independent. Thus, she has nine possible scenarios. In addition to the cost of the products sold, Sanjana estimates staffing costs to be $44,000 plus $2 for every customer in excess of 34,000. The marketing and administrative costs are estimated to be 512,700 plus 3 percent of the gross margin. Required: Prepare an analysis of the possible operating income for Sonjona similar to that in Exhibit 13:15. What is the range of operating Incomes? Green Number of Grons Margin Operating Costa Marketing & Admin Operating Profit (LS) Poor $ 5 Fair Good Poor Fair 18 5.4 6,4 1.8 5.4 6.4 1.8 54 $ 20,000 29,000 29,000 34,000 34.000 34,000 44,000 44,000 44,000 Good S 5 Poor Fair Good $