Franklin, Incorporated has two divisions, Seward and Charles. The following is the contribution margin income statement for the previous year: Seward Charles Sales revenue $ 922,800 $ 615,200 Variable costs 584,840 492,160 Contribution margin $ 337,960 $ 123,040 Fixed costs 167,300 167,300 Net operating income (loss) $ 170,660 $ (44,260) Of the total fixed costs, $310,000 are common fixed costs that are allocated equally between the divisions. What would Franklin's income (loss) be if the Charles Division were dropped? Multiple Choice $922,800 $15,660 $337,960 $170,660

Multiple Choice $922,800 $15,660 $337,960 $170,660