The Mart, a large retail chain, is considering whether or not to close down a division. The divisions projected income statement for the next year follows. Sales Cost of goods sold Gross profit Operating costs: Building rents Store clerk salaries Store utilities Allocated home office cost Total operating costs $20,000,000 17,000,000 3,000,000 $2,500,000 3,000,000 1,200,000 700,000 7,400,000 Anticipated loss ($4,400,000) The building rents arise from long-term leases that cannot be cancelled. If The Mart closed down this division, what would be the increase in company profits? (A) $700,000 (B) $1,200,000 (C) $3,000,000 (D) $4,400,000