Exercise 12-15 Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Bramble Company's six divisions. Veronica made the following presentation to Bramble'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 $26,200." The Other Five Divisions Division Percy Total Sales Cost of goods sold Gross profit Operating expenses Net income $1,663,000 $100,100 $1,763,100 978,600 76,800 1,055,400 707,700 575,500 $158,400 $ (26,200) $132,200 684,400 23,300 526,000 49,500 In the Percy Division, cost of goods sold is $59,300 variable and $17,500 fixed, and operating expenses are $31,400 variable and $18,100 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued Is Veronica right about eliminating the Percy Division? Prepare a schedule to support your answer. (If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)