Granfield Company is considering diminating its backpack division, which reported a loss for the recent year of $44,500 as shown below. the backpack division is dropped, all $480,000 of its variable costs are avoidable, and $213,800 of its fixed costs are avoidable. The impact Granfield's income from eliminating this business segment would be: Muilipie Choice $490,000 decrease $490,000 decroase $213,800 increase $276,200 decrease $490,000 increase $276,200 increase