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Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica 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 $27,100 The Other Five Divisions $1,665,000 Percy Division Total Sales $100,100 $1,765.100 1,055,400 978,700 76,700 686.300 23,400 Cost of goods sold Gross profit Operating expenses Net income 709.700 579,200 528,700 50,500 $157,600 $(27.100) $130,500 In the Percy Division, cost of goods sold is $60,100 variable and $16,600 hxed, and operating expenses are $30,400 variable and $20,100 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. (Enter negative amounts using either a negative sign preceding the number 4.3. 45 or parentheses e..(45) a Net Income Increase (Decrease) Continue Eliminate Sales $ Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Totalfixed Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed $ $ Net income (loss) Veronica is