Horford Corp. reports the following results for 2021:

	Division A	Division B	Division P	Total
Sales	$400,000	$300,000	$250,000	$950,000
Variable Costs	180000	160000	140000	480000
Contribution Margin	220000	140000	110000	470000
Fixed Costs	150000	120000	130000	400000
Net Income	70000	20000	-20000	700000

Horford's COO has recommended closing Division P.

30% of fixed costs are unavoidable in all three divisions, and if any one were to be eliminated, those costs would be allocated equally to the other two divisions.

By what amount would Horford's net income increase or decrease if Division P were eliminated? You must show an analysis to support your answer.