Magnolia Incorporated has been concerned for some time with the financial performance of its product 1115 and has considered discontinuing it on several occasions. Data from the company's accounting system appear below: Sales $760,000 Variable Expenses $350,000 Fixed Manufacturing Expenses $258,000 Fixed Selling and Administrative Expenses $198,000 In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $140,000 of the fixed manufacturing expenses and $100,000 of the fixed selling and administrative expenses are avoidable it product 1115 is discontinued. What would be the effect on the company's overall net operating income il product 1115 were dropped? O a. $170,000.00 O b. $40,000.00 O c. $270,000.00 Od $310,000.00