Betty Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Cullumber Company's six divisions. Betty made the following presentation to Cullumber's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,500. The Other Five Divisions Percy Division Total Sales $1,663,000 $100,000 $1.763.000 978,100 76,800 1.054.900 Cost of goods sold 684,900 23,200 Gross profit 708.100 529.000 49.700 578,700 Operating expenses $155.900 Net Income $129.400 $(26,500) in the Percy Division, cost of goods sold is $60.500 variable and $16,300 fixed, and operating expenses are $29.100 variable and $20,600 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued Is Betty right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either o negative sin preceding the number es. 45 or parentheses (451) Net Income