Davenport Inc. has two divisions, Howard and Jones. Following is the income statement for the past month: Sales Variable costs Contribution Margin Fixed Costs (allocated) Profit Margin Howard $836,400 543,920 $292,480 259,740 $ 32,740 Jones Total $557,600 $1,394,000 446,080 $ 990,000 $111,520 $ 404,000 173, 160 432,900 $(61,640) $ (28,900) What would Davenport's profit margin be if the Jones division was dropped? Multiple Choice 1 0 $28,900 loss 0 $140,420 loss 0 $32,740 profit 0 $230,840 profit