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 $26,600." The Other Five Divisions Total Percy Division $100,400 76,900 $1,663,000 978,800 $1,763,400 1,055,700 Sales Cost of goods sold Gross profit Operating expenses Net income 684,200 23,500 50,100 526,200 707,700 576,300 $131,400 $ 158,000 $(26,600) In the Percy Division, cost of goods sold is $59,300 variable and $17,600 fixed, and operating expenses are $29,200 variable and $20,900 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 e.g. -45 or parentheses eg. (45).) 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 Total fixed Net income (loss) $ $ Veronica is