Margaret Moore, a recent graduate of Tri Town University's accounting program, evaluated the operating performance of Vaughn Company's six divisions. Margaret made the following presentation to Vaughn'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 $24,600." In the Erie division, the cost of goods sold is $60,200 variable and $16,000 fixed, and operating expenses are $14,400 variable and $34,000 fixed. None of the Erie division's fixed costs will be eliminated if the division is discontinued. In the Erie division, the cost of goods sold is $60,200 variable and $16,000 fixed, and operating expenses are $14,400 variable and $34,000 fixed. None of the Erie division's fixed costs will be eliminated if the division is discontinued. Is Margaret 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 eg. 15,000 or parenthesis, eg. (15,000)