The income statement for Offsuit Online Real Estate Training is presented below. The management team at the real estate training company not pleased with the performance of their residential real estate training line and is considering dropping it. A cost study of the residential training line has revealed that $42,205 of the Selling and $29,237 of the Administrative fixed expenses cannot be avoided if the residential real estate training line is dropped. If the management at Bauer Online Real Estate Training decides to drop the line, what will the new contribution margin of the company be? Calculate your answer to the nearest whole dollar. Total Residential Commercial Sales Revenue $527000 $185000 $342000 Variable Costs 112000 3 4000 78000 Contribution Margin 415000 151000 264000 Fixed Costs: Selling 185000 88000 97000 Administrative 203000 94000 109000 Total Fixed Expenses 388000 182000 206000 Operating Income (Loss) $27000 $(31000) $58000