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 Sales Cost of goods sold Gross margin Selling and administrative expenses: $3,900,000 $820,000 $1,560,000 $1,520,000 836,000 684,000 2,145,000 480,000 1,755,000 340,000 829,000 731,000 275,100 148,600 423,700 260,300 Selling expenses Administrative expenses 319,500 164,400 483,900 $ 492,000 (15,400) 247,100 835,000 240,400 428,000 115,000 1,263,000 355, 400 Total expenses 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