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 Total The Other Five Divisions $1,663,000 979.000 Sales $100,600 $1.763,600 76,400 1,055,400 2 684,000 24,200 708,200 Cost of goods sold Gross profit Operating expenses Net income 526,800 50.200 577.000 $157,200 $(26,000) $131.200 In the Percy Division, cost of goods sold is $60,500 variable and $15.900 fixed and operating expenses are $30,000 variable and $20.200 fixed. None of the Percy Division's faced 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 nepotive sin preceding the member 4:9-45 or parentheses (451) Net Income Increase (Decrease) Continue Eliminate Sales Variable costs Net Incomo Increase (Decrease) Continue Eliminate Sales Variable costs Cost of goods sold 0 0 30000 Operating expenses 30000 1 Total variable 0 Contribution margin 0 Fixed costs 0 Cost of goods sold 0 Operating expenses Total fixed 0 Net income oss) $ 26.000 $ $ Veronicas ho