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 $562,200 178,500 383,700 286,675 $ 97,625 Laurel Total $338,400 $900,600 176,200 354,700 162,209 545,900 172,925 459,680 $(10,725) $ 86,380 What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable? Multiple Choice $97025 profit $75,900 loss $86,300 profit