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 North Store South Store East Store Total $3,600,000 $800,000 $1,440,000 $1,360,000 Sales Cost of goods sold 000 470,000 1,980 762,000 748,000 Gross margin 1,620,000 330,000 678,000 612,000 Selling and administrative expenses: Selling expenses Administrative expenses 829,000 413,000 237,400 112,000 318,000 159,900 273,600 141,100 Total expenses 1,242,000 349,400 477,900 414,700 Net operating income (loss) $ 378,000 $ (19,400) $ 200,100 $ 197,300