Clay Incorporated has two divisions, Myrtle and Laurel. The following is the segmented income statement for the previous year: Myrtle $ 578,000 103,600 $ 474,400 79,600 Laurel $ 338,800 103,600 $ 235,200 77,600 Sales revenue Variable Costs Contribution Margin Direct fixed costs Segment margin Common fixed costs (allocated) $ 394,800 286,625 Net operating income (loss) $ 108,175 $ (15,275) $ 157,600 172,875 Total $ 916,800 207,200 $ 709,600 157,200 $ 552,400 459,500 $ 92,900 What would Clay's income (loss) be if the Laurel Division was dropped and all common fixed costs are unavoidable? Multiple Choice $64,700 loss $92,900 profit $108,175 profit $394,800 profit