the Favorites Bar folder. Or import from another browser. Import favontes Superior Markets, Inc, operates three stores in a large metropolitan area A segmented absorption costing income stalement for the company for the last quarter is given below Income Statement For the Quarter Ended September 30 North South East Sales Cost of goods sold $4,900,000 $980,000 $1,960,000 $1,960,000 2,695,000 620,000 997,000 1,078,000 Gross margin 2,205,000 360,000 963,000 882,000 Selling and administrative expenses 855,000 250,400 324,500 280,100 Selling expenses Administrative expenses 478,000 125,000 179,400 173,600 ,333,000 375,400 503,900 453,700 s 872,000 (15,400) 459,100 428,300 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