Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Bramble Company's six divisions. Veronica made the following presentation to Bramble'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 $26,200." The Other Percy Five Divisions Division Total Sales $1,663,000 $100,100 $1,763,100 Cost of goods sold 978,600 76,800 1,055,400 Gross profit 654,400 Operating expenses 526,000 49.500 575,500 Net Income $158,400 $ (26,200) $132,200 23.500 707,700 In the Percy Division, cost of goods sold is $59,300 variable and $17,500 fixed, and operating expenses are $31,400 variable and $18,100 fixed. None of the Percy Division's feed costs will be eliminated if the division is discontinued. Is Veronica right about eliminating the Percy Division? Prepare a schedule to support your answer. (If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Increase Continue Eliminate (Decrease) Sales Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Foed costs Cost of goods sold Operating expenses Total foced Net Income (loss) Veronica is