Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of a company's Veronica math directors and suggested the Party Division befinated. If the Prey Donated," he said to profits would 12.500,- Sales Cost of goods sold Gross profit Operating expenses The Other Percy Five Divisions Division Total $1,663,000 $100,000 $1,763,000 977,000 76,000 1,053,000 686,000 24,000 710,000 526,000 49,500 575,500 $160,000 $(25,500) $134,500 Net income In the Percy Division, cost of goods sold is 559,000 variable and $17,000 fixed, and operating expenses are $29,000 variable and $20,500 fond one of man's face eliminated if the division is discontinued Is Veronica right about eliminating the Percy Division? Prepare a schedule to support your answer. (Ir amount decreases net Income then enter the amount therapante vign preceding the number e.g. 45 or parentheses e.g. (45).) Net Income Increase (Decrease) Continue Eliminate Sales Variable costs Cost of goods sold Operating expenses Total variable Is Veronica right about eliminating the Percy Division? Prepare a schedule to support your answer. (If am preceding the number e.g. -45 or parentheses e.g. (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