Chic Jewelers views each branch location as an investment center. The local branch reported the following results for the current year: Sales $ 6,000,000 Variable expenses $ 3,704,000 Traceable fixed costs $ 345,000 Average total assets of the branch $ 2,900,000 The responsibility margin of the local branch is: a. $2,900,000. b. $2,296,000. c. $1,951,000. d. $6,000,000.