Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below: Superior Markets, Inc Income Statement For the Quarter Ended September 30 South Store $740,000 $1,280,000 $1,180,000 Cost of goods sold 1,760,000 423,000 649,000 1,440,000 317,000 Selling and administrative expenses: 233,400 108,000 131,100 1,214,000 341,400 226.000 (24.400) 122.100 128,300 Net operating income (loss) The North Store has consistently shown losses over the past two years. For this reason, management is giving consideration to closing the store. The company has asked you to make a recommendation as to whether the store should be closed or kept open. The following additional information is available for your use: a The breakdown of the selling and administrative expenses is as Selling expenses Sales salaries $233,800 67.100 84.200 82.500 Direct advertising General advertising 11,100 17,700 Store rent 310,000 122,000 101,000 Depreciation of store fixtures 17,000 4.800 Delivery salaries Depreciation of delivery 9,600 equipment Total selling expenses $821.000 $233,400 $316,000 $271 600