25. Vanikord Corporation currently has two divisions which had the following operating results for last year: Cork Division $501,600 210.480 Rubber Division $396.800 300,320 291,120 96,480 66,800 Sales Variable costs Contribution margin Traceable fixed costs Segment margin Allocated common corporate fixed costs Net operating income (loss) 133,200 157.920 29,680 90,800 51,600 $67,120 ($21.920) Because the Rubber Division sustained a loss, the president of Vanikoro is considering the elimination of this division. All of the division's traceable fixed costs could be avoided if the division was dropped. None of the allocated common corporate fixed costs could be avoided. If the Rubber Division was dropped at the beginning of last year, how much higher or lower would Vanikoro's total net operating income have been for the year? a. $21,920 higher b. $45,200 higher c. $45,200 lower d. $29,680 lower