Granfield Company Is considering eliminating its backpack division, which reported a loss for the recent year of $43,500 as shown below. If the backpack division Is dropped, all $478,000 of Its varlable costs are avoldable, and $212,600 of Its fixed costs are avoldable. The impact on Granfield's Income from eliminating this business segment would be: Multiple Choice $488,000 decrease $212,600 increase $275,400 decrease $488,000 increase $275.400 increase