Elizabeth Brown, a recent graduate of Paver University's accounting program, evaluated the operating performance of Whispering Winds Company's six divisions. Elizabeth made the following presentation to Whispering Winds's board of directors and suggested the Erie division be eliminated. If the Erie division is eliminated," she said, our total profits would increase by $23,100. Total Sales Cost of goods sold Gross profit Operating expenses Net income The Other Five Divisions $1,664,000 978,000 686,000 528,000 $158,000 Erie Division $100,500 76,100 24,400 47,500 $(23,100) $1,764,500 1,054,100 710,400 ,500 $134,900 In the Erie division, the cost of goods sold is $59,700 variable and $16,400 fixed, and operating expenses are $14,200 variable and $33,300 fixed. None of the Erie division's fixed costs will be eliminated if the division is discontinued. Is Elizabeth right about eliminating the Erie Division? Prepare a schedule to support your answer. (If an amount reduces the net income then enter with a negative sign preceding the number e.g. -15,000 or parenthesis, e.g. (15,000).) Net Income Increase (Decrease) Continue Eliminate $ $ $ $ $ $ Elizabeth is