The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses:

	North	South
Sales	$930,000	$833,000
Variable expenses	463,500	309,000
Traceable fixed expenses	278,000	225,000
Allocated common corporate expenses	243,000	193,000
Net operating income (loss)	$(54,500)	$106,000

Management at Kelsh is pondering the elimination of North Division. If North Division were eliminated, its traceable fixed expenses could be avoided. The total common corporate expenses would be unaffected. Given these data, the elimination of North Division would result in an overall company net operating income (loss) of:

a)$51,500

b)$106,000

c)$160,500

d)$(137,000)