Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,900. The division sales for the year were $977,100 and the variable costs were $484,000. The fixed costs of the division were $536,000. If the backpack division is dropped, 40% of the fixed costs allocated to that division could be eliminated. The impact on Granfield's operating income for eliminating this business segment would be: