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 $26,400 The Other Five Divisions Percy Division Total Sales Cost of goods sold Gross profit Operating expenses Net income $1,663,000 $100,400 $1,763,400 977,900 76,700 1,054,600 708,800 576,900 $158,300 $(26,400) $131,900 685,100 23,700 526,800 50,100 In the Percy Division, cost of goods sold is $59,400 variable and $17,300 fixed, and operating expenses are $30,200 variable and $19,900 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)