Davenport Inc. has two divisions, Howard and Jones. Following is the income statement for the past month: 40 Sales Variable Costs Contribution Margin Fixed Costs (allocated) Profit Margin Howard $ 800,000 600,000 $ 200,000 150,000 $ 50,000 Jones $ 600,000 580,000 $ 20,000 150,000 $ (130,000) Total $1,400,000 $1,180,000 $ 220,000 300,000 $ (80,000) What would Davenport's profit margin be if the Jones division was dropped? Multiple Choice 0 $80,000 loss 0 $100,000 loss 0 $50,000 profit 0 $70,000 profit