Thrifty Markets, Inc., operates three stores in a large metropolitan area. The company's segmented absorption costing income statement for the last quarter is given below Thrifty Markets, Inc. ncome Statement For the Quarter Ended March 31 Uptown Downtown Westpark Total Store Store Store es $2,700,000 $1,000,000 $600,000 $1,100,000 Cost of goods sold Gross margin Selling and administrative expenses: 1,483,000 560,000 355,000 568,000 1,217,000 440,000 245,000 532,000 Selling expenses: Direct advertising General advertising" Sales salaries Delivery salaries Store rent Depreciation of store fixtures Depreciation of delivery equipment 118,500 15,000 54,000 33,000 209,000 46,440 27,000 36,000 5,556 42,500 40,000 3,333 48,000 43,000 1,000 11,000 63,000 8,600 9,000 63,000 11,000 76,000 19,840 9,000 70,000 18,000 9,000 Total selling expenses 602,940 197,556 177,933 227.451 Administrative expenses: Store management salaries General office salaries Utilities Insurance on fixtures and inventory Employment taxes General office expenses-other 24,000 18,148 30,000 71,000 49,000 90,600 23,400 37,700 23,000 18,000 10,889 30,000 8,300 12,800 29,000 19,963 30,600 7,800 13,500 9,370 11,400 8,519 Total administrative expenses 294,700 99,367 85,100 110,233 337,684 s 319,360 S 143,077 $ (18,033) 194,316 Total operating expenses 897,640 296,923 263,033 Net operating income (loss) Allocated on the basis of sales dollars. Management is very concerned about the Downtown Store's inability to show a profit, and consideration is being given to closing the store. The company has asked you to make a recommendation as to what course of action should be taken. The following additional information is available about the store: a. The manager of the store has been with the company for many years; he would be retained and