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  3. superior markets, inc., operates three stores in a

Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented absorption costing...

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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 Total North Store South Store East Store Sales $3,100,000 $700,000 $1,240,000 $1,160,000 Cost of goods sold Gross margin Selling and administrative expenses 1,705,000 380,000 687,000 638,000 1,395,000 320,000 553,000 522,000 Selling expenses Administrative expenses 819,000 232.400 388,000 107,000 315,500 152,400 271,100 128,600 Total expenses 1,207,000 339,400 467,900 399,700 Net operating income (loss) S 188,000 (19,400) 85,100 122,300 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

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