Your answer is partially correct. 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. Percy Division The Other Five Divisions $1,663,000 978,700 Total $1,763,300 Sales $100,300 Cost of goods sold 76,800 1,055,500 Gross profit 684,300 23,500 707,800 Operating expenses 527,700 50,500 578,200 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 Is Veronica right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a negative sin preceding the number 0.8. -45 or parentheses es (45)) Sales 1763300 $ 1663000 $ (100300) Variable costs Cost of goods sold 1038700 978700 60000 Operating expenses 558500 527700 30800 Total variable 1597200 1506400 90800 Contribution margin 166100 156600 (9500) Fixed costs Cost of goods sold 16800 i 16800 i Operating expenses 19700 19700 i 0 Total fixed 36500 36500 0 Net income (loss) $ 129600 $ 120100 $ (9500) Contribution margin 166100 156600 (9500) Fixed costs Cost of goods sold 16800 i 16800 0 Operating expenses 19700 19700 0 Total fixed 36500 36500 i 0 Net income (loss) $ 129600 $ 120100 (9500) Veronica is incorrect