Superior Markets, Incorporated, 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, Incorporated

Income Statement

For the Quarter Ended September $30$

Total North Store South Store East Store

Sales $ $3,240,000$ $ $777,600$ $ $1,296,000$ $ $1,166,400$

Cost of goods sold $1,789,776435,456712,800641,520$

Gross margin $1,450,224342,144583,200524,880$

Selling and administrative expenses:

Selling expenses $882,360249,912340,200292,248$

Administrative expenses $413,640114,480162,972136,188$

Total expenses $1,296,000364,392503,172428,436$

Net operating income $($loss$)$ $ $154,224$ $ $(22,248)$ $ $80,028$ $ $96,444$