CALCULAT A BACK Exercise 7-15 (Video) Your answer is partially correct. Try again. 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 $25,700. Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division Total $1,663,000 $100,400 $1,763,400 977,000 76,200 1,053,200 686,000 24,200 710,200 528,400 49,900 $157,600 $ (25,700) 578,300 $131,900 In the Percy Division, cost of goods sold is $59,100 variable and $17,100 fixed, and operating expenses are $30,500 variable and $19,400 fixed. None of the Percy Division's fixed costs wit be eliminated 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 es 48 or parentheses (453)