Granfield Company is considering eliminating its backpack division, which reported a loss for the recent year of $49,000 as shown below. Segment Income (Loss) Sales $ 988,000 Variable costs 489,000 Contribution margin Fixed costs Income (loss) 499,000 548,000 $ (49,000) If the backpack division is dropped, all $489,000 of its variable costs are avoidable, and $219,200 of its fixed costs are avoidable. The impact on Granfield's income from eliminating this business segment would be: