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A company has two divisions: Division One and Division Two. The following report is for the most recent operating period:
| Division One | Division Two |
Sales | $ 354,000 | $ 348,000 |
Variable expenses | $ 138,060 | $ 104,400 |
Traceable fixed expenses | $ 152,000 | $ 173,000 |
The company’s common fixed expenses equal $77,220.
What is the company's net operating income? Write the letter of the correct answer. Show your work to support your answer.
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