Mamma Lucy's Pizza Is a Franchise Operation with 47 Stores

Mamma Lucy's Pizza is a franchise operation with 47 stores across Canada. Store No. 10 has fallen on hard times and is about to be closed. The following figures are available for the period just ended: $\begin{array} { l r } \text { Sales } & \$ 305,000 \\\text { Cost of sales } & 97,900 \\\text { Building occupancy costs: } & \\\quad \text { Rent } & 56,500\\\quad \text { Utilities } & 26,000 \\\text { Supplies used } & 16,600 \\\text { Wages } & 87,700\\\text { Miscellaneous } & 4,000 \\\hline \text { Allocated corporate overhead } & 19,200\\\hline\end{array}$ All employees except the store manager would be discharged. The manager, who earns $37,000 annually, would be transferred to Store No. 12 in a neighboring suburb. Also, no. 10's furnishings and equipment are fully depreciated and would be removed and transported to Mamma Lucy's warehouse at a cost of $3,200.
Required:
A. What is Store No. 10's reported loss for the period just ended?
B. Should the store be closed? Briefly explain your response.
C. Would Mamma Lucy's likely lose all $305,000 of sales revenue if Store No. 10 were closed? Briefly explain your response.