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 $27.000." LE The Other Five Divisions Percy Division Total Sales $1,663,000 $100,300 $1,763,300 Cost of goods sold 978,700 76,800 1,055,500 Gross profit 684,300 23,500 707,800 527.700 50,500 578,200 Operating expenses Net income $156,600 $(27,000) $129,600 In the Percy Division, cost of goods sold is $60,000 variable and $16,800 fixed, and operating expenses are $30,800 variable and $19,700 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued on. 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 eg: (45).) Net Income Increase (Decrease) F on. Continue Eliminate Sales $ $ Variable costs Cost of goods sold Operating expenses Total variable Contribution margin Fixed costs Cost of Contribution margin Fixed costs Cost of goods sold Operating expenses Total fixed $ $ Net income (loss) $ Veronica is