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: Gross Margin per Number of Customers 46,000 36,000 31,000 ScenarioPrice-Cost of Goods) Good 5.6 1.8 Sanjana assumes, for simplicity, that the gross margin and the estimated number of customers are independent. Thus, she has nine possible scenaos. In addition to the cost of the products sold, Sanjana estimates staffing costs to be $46,000 plus $2 for every customer in excess of 36,000. The marketing and admin strative costs are estimated to be S13,100 plus 3 percent of the gross margin Prepare an analysis of the possible operating income for Sanjana similar to that in Exhibit 13.15. What is the range of operating incomes? Gross Number of Gross Margin Operating Marketing & Operating Admin Profit (Loss) 31,000 31,000 31.000 36,000 Poor 1.8 $5.6 $6.6 1,B $5.6 56.6 1.8 $5.6 $ 6.6 Good Far Good Poor Fair Good 36.000 46,000 46.000