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 $24.900." The Other Five Divisions $1,665,000 Percy Division $100.900 Sales 977,500 76,100 Total $1,765,900 1,053,600 712,300 577,200 687.500 Cost of goods sold Gross profit Operating expenses Net income 24.800 527,500 49,700 $160,000 $(24.900) $135,100 In the Percy Division, cost of goods sold is $60,400 variable and $15.700 fixed, and operating expenses are $29,100 variable and $20,600 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 numbere.g. -45 or parentheses eg. (45)) Net Income Increase (Decrease) Continue Eliminate Sales S S S 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