Wellco Corporation currently has two divisions which had the following operating results for last year: Sales Variable costs Contribution margin Traceable fixed costs Allocated common fixed costs Net operating income Total $ 940000 450000 $ 490000 345000 125000 Division 1 $ 600000 230000 $370000 230000 80000 Division 2 $ 340000 220000 $120000 115000 45000 $ 20000 $ 60000 $(40000)| Due to poor performance, Wellco is considering eliminating Division 2. All of Division 2's variable costs and traceable fixed costs are avoidable, but none of its allocated common corporate fixed costs are. If Division 2 had been dropped at the beginning of last year, Wellco's net income would have been: Multiple Choice $ 60000 $ 15000 $ (25000) $ 45000