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, Inoc Income Statement For the Quarter Ended September 30 North Store South Store East Store Total Sales Cost of goods sold Gross margin Selling and administrative expenses: $3,700,000 800,000 $1,480,000 $1,420,000 781,000 639,000 2,035,000 460,000 1,665,000 794,000 686,000 340,000 274,100 143,600 417,700 $416,000 $ (11,400) 206,100 221,300 318,500 161,400 479,900 Selling expenses Administrative expenses 831,000 238,400 418,000 113,000 351,400 Total expenses Net operating income (loss) 1,249,000 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