(SHOW WORK PLEASE AND THANK YOU)

Elizabeth Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Oriole Company's six divisions. Elizabeth made the following presentation to Oriole'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 $27,200." In the Percy Division, cost of goods sold is $60,000 variable and $16,900 fixed, and operating expenses are $30,800 variable and $19,600 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Elizabeth 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).)