The president of Truman, Inc., attended a seminar about the contribution margin model and returned to her company full of enthusiasm about it. She requested that last years traditional model income statement be revised, and she received the following report:

Division

	Total Company		A		B			C
Sales	$	442,000	$	174,000	$	114,000		$	154,000
Variable expenses		247,000		102,000		62,000			83,000
Contribution margin	$	195,000	$	72,000	$	52,000		$	71,000
Fixed expenses		145,000		47,000		55,000			43,000
Net income (loss)	$	50,000	$	25,000	$	(3,000	)	$	28,000

The president was told that the fixed expenses of $145,000 included $84,000 that had been split evenly between divisions because they were general corporate expenses. After looking at the statement, the president exclaimed, "I knew it! Division B is a drag on the whole company. Close it down!"

Required:

	Calculate what the company's net income would be if Division B were closed down.