Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year. Sales Seward $907,800 Charles $605,200 559,580 514,420 Contribution Margin $348,220 $ 90,780 Variable Costs Fixed Costs Profit Margin 156,700 $191,520 156,700 $165,920) Of the total fixed costs, $310,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's profit margin be if Charies were dropped? Multiple Choice $907,800 $36,520 $348.220