(PLEASE SEE ACCURATE NUMBER FOR THIS QUESTION)

Exercise 20-15 (Video) Margaret Moore, a recent graduate of Bell's accounting program, evaluated the operating performance of Carla Vista Company's six divisions. Margaret made the following presentation to Carla Vista'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 $26,600." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,663,000 $100,400 978,800 76,900 684,200 23,500 526,200 50,100 $158,000 $ (26,600) Total $1,763,400 1,055,700 707,700 576,300 $131,400 In the Percy Division, cost of goods sold is $59,300 variable and $17,600 fixed, and operating expenses are $29,200 variable and $20,900 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued. Is Margaret 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 e.g. (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) Margaret i Click if yo incorrect correct Show Work for this question: Open Show Work