Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year Sales Variable Costs Contribution Margin Fixed Costs (allocated) Profit Margin Myrtle Laurel Total $560,500 $336,700 $897,200 176,700 174,500 351,200 383,800 162,200 546,000 284,875 171,225 456,100 $ 98,925 $ (9,025) $ 89,900 What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? Multiple Choice $72,300 loss $98,925 profit $383.800 profit $89,900 profit