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 $562,400 $338,800 $901,200 178,700 176,500 355,200 383,700 162,300 546,000 286,975 173, 125 460,100 $ 96,725 $(10,825) $ 85,900 What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? Multiple Choice $96.725 profit $76,400 loss $383700 profit $85.900 profit