Mary Smith, a recent graduate of Dynatech University's accounting program, evaluated the operating performance of Sheridan Company's six divisions. Mary made the following presentation to Sheridan'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 $23,500." In the Erie division, the cost of goods sold is $59,000 variable and $17,000 fixed, and operating expenses are $14,000 variable and $33,500 fixed. None of the Erie division's fixed costs will be eliminated if the division is discontinued. Is Mary 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).)