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 $26,000 Percy Division The Other Five Divisions $1,664,200 978,520 Total $1,764,200 $100,000 76,000 1,054,520 Sales Cost of goods sold Gross proht Operating expenses Net income 685,680 24,000 50,000 709,680 577.940 527.940 $157,740 $ 126,000) $131,740 In the Percy Division, cost of goods sold is $61,000 variable and $15,000 fixed, and operating expenses are $30,000 variable and $20,000 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 23.-45 or parentheses es. (451) In the Percy Division, cost of goods sold is $61,000 variable and $15,000 fixed and operating expenses are $30,000 variable and $20,000 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 eg, -45 or parentheses e.g. (45) Net Income Increase (Decrease) Continue Eliminate Sales 100000 - 100000 Variable costs Cost of goods sold O Operating expenses 0 Total variable 0 Contribution margin O Fixed costs Cost of goods sold Operating expenses Total fixed 0 Net income loss)