Sheridan Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions Sheridan 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 $26,400. The Other Five Divisions $1,663,000 Percy Division Total $1.763,400 Sales $100,400 977,200 77.000 1,054.200 Cost of goods sold Gross profit 685.800 23.400 709.200 528,500 49,800 578,300 Operating expenses Net income $157,300 $ (26,400) $130,900 In the Percy Division, cost of goods sold is $60,600 variable and $16,400 fixed and operating expenses are $30,900 variable and $18,900 fixed. None of the Percy Division's hxed costs will be eliminated if the division is discontinued. In the Percy Division, cost of goods sold is $60,600 variable and $16,400 fixed and operating expenses are $30,900 variable and $18,900 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Sheridan right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either negative sign preceding the number eg. -45 or parentheses es. (45)) turminate Uecreasey Sales -100,400 Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed Net Income (loss) $ $