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 $ 430,000 $ 170,000 $ 110,000 $ 150,000 Variable expenses 252,000 109,000 62,000 81,000 Contribution margin $ 178,000 $ 61,000 $ 48,000 $ 69,000 Fixed expenses 136,000 45,000 50,000 41,000 Net income (loss) $ 42,000 $ 16,000 $ (2,000 ) $ 28,000 The president was told that the fixed expenses of $136,000 included $96,000 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!" b. Calculate what the company's net income would be if Division B were closed down.