Current Attempt in Progress Elizabeth Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Oriole Company's six divisions. Elizabeth made the following presentation to Oriole's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated, she said, "our total profts would increase by $27,200. Percy Division Total The Other Five Divisions $1,665,000 977.400 Sales $100,100 $1.765,100 76.900 1,054,300 Cost of goods sold Gross profit Operating expenses 687,600 23.200 710,800 528,700 50,400 579,100 Net income $158.900 $ 27,200) $131,700 In the Percy Division, cost of goods sold is $60,000 variable and $16,900 fixed and operating expenses are $30,800 variable and $19,600 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Elizabeth right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Net Income Increase (Decrease) Continue Eliminate Sales 100,100 0 100.100 Variable costs Cost of goods sold Operating expenses Total -/1 Question 12 of 13 Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed Net income (loss) $ Elizabeth is