Current Attempt in Progress Linda Williams, a recent graduate of Bell's accounting program, evaluated the operating performance of Cullumber Company's six divisions. Linda 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 $26,100 The Other Five Divisions Percy Division Total Sales $100,900 $1,763,900 $1,663,000 977,300 Cost of goods sold 76,800 1,054,100 709,800 Gross profit Operating expenses 685,700 528,400 $157,300 24,100 50,200 $(26,100) 578,600 $131,200 Net Income In the Percy Division, cost of goods sold is $59.500 variable and $17,300 fixed, and operating expenses are $31,000 variable and $19.200 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Linda right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sin preceding the number 68, -45 or parentheses es. (451) Net Income Increase In the Percy Division, cost of goods sold is $59.500 variable and $17,300 fixed, and operating expenses are $31.000 variable and $19.200 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Linda right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sign preceding the number es.-45 or parentheses eg. (450) Net Income Increase (Decrease) Continue Eliminate Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Totalfixed Continue Eliminate (Decrease) Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed Net Income loss) Lindais Tothook and Media