Clay Incorporated has two divisions, Myrtle and Laurel. The following is the segmented income statement for the previous year:

	Myrtle	Laurel	Total
Sales revenue	$ 563,000	$ 336,500	$ 899,500
Variable Costs	100,600	100,600	201,200
Contribution Margin	$ 462,400	$ 235,900	$ 698,300
Direct fixed costs	76,600	74,600	151,200
Segment margin	$ 385,800	$ 161,300	$ 547,100
Common fixed costs (allocated)	284,750	171,000	455,750
Net operating income (loss)	$ 101,050	$ (9,700)	$ 91,350

What would Clay's income (loss) be if the Laurel Division was dropped and all common fixed costs are unavoidable?