Sanjana's Sweet Shoppe operates on the boardwalk of a New England coastal towri 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 Gros Margin per Custom (Price - Cost of boods $5.6 Sero Good Fair Poor Customers 36,000 26,000 21.00 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 $31000 plus $2 for every customer in excess of 26,000. The marketing and administrative costs are estimated to be $11,100 plus 3 percent of the gross margin Required: Prepare an analysis of the possible operating income for Sanjana similar that in Exhibit 13.15. What is the range of operating incomes? possible scenarios. In addition to the cost of the products sold, Sanjana estimates staffing costs to be $31,000 plus $2 for every customer in excess of 26,000. The marketing and administrative costs are estimated to be $11,100 plus 3 percent of the gross margin Required: Prepare an analysis of the possible operating income for Sanjana similar to that in Exhibit 1315 What is the range of operating incomes? $ $ Pool Fair Good Poor Fall Good $ 0 0 0 0 18 4.6 56 18 46 5.6 18 5 $ 5 $ 5 5 5 5 $ $ 21,000 21.000 21000 25 000 25,000 26,000 36,000 36,000 36,000 $ 0 $ 0 (Poor Fall 46 56 $ $ $ 0 0 Good