Question 5 of 10 < > Current Attempt in Progress -12 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 $26,100." The Other Five Divisions Percy Division Total Sales $1,665,000 $100,100 $1,765,100 Cost of goods sold 978,300 76,000 1,054,300 Gross profit 686,700 24,100 710,800 Operating expenses 526,800 50,200 577,000 Net income $159,900 $(26,100) $133,800 In the Percy Division, cost of goods sold is $59.000 variable and $17,000 fixed, and operating expenses are $29.100 variable and $21,100 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 eg.-45 or parentheses eg. (45)) Question 5 of 10 < > -/2 E 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 eg.-45 or parentheses e.g. (45).) Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Net Income Increase Continue Eliminate (Decrease) $ Question 5 of 10 < > Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed Net income (loss) $ Veronica is correct incorrect -12 E