Question 5 of 5 View Policies Current Attempt in Progress Nancy Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Blossom Company's six divisions. Nancy made the following presentation to Blossom'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 $26,900." The Other Percy Five Divisions Division Total Sales $1,665,000 $ 100,600 $1,765,600 Cost of goods sold 978,700 77.000 1,055,700 Gross profit 686,300 23,600 709.900 Operating expenses 527,200 50.500 577.700 Net income $159,100 $ (26,900 $132,200 In the Percy Division, cost of goods sold is $59,200 variable and $ 17,800 fixed, and operating expenses are $31,600 variable and $18,900 fixed, None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Nancy right about eliminating the Percy Division? Prepare a schedule to support your answer, (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Oct 28 12:17 9 0 O