Lily Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Lily made the following presentation to Dunn'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 $1,663,000 $100,900 $1,763,900 Cost of goods sold 977,300 76,800 1.054,100 Gross profit 685,700 24,100 709,800 Operating expenses 528,400 50.200 578,600 Net income $157,300 $(26,100) $131,200 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. nisc Is Lily 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 e.g. (45).)