Question 28 View Policies Current Attempt in Progress 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 $26,100" The Other Five Divisions Percy Division Total Sales $1,665,000 978,300 $100,100 76,000 $1,765,100 1,054,300 Cost of goods sold Gross profit 686,700 24,100 710,000 Operating expenses 526,800 50.200 577.000 Net income $159,9005(26,100) $133,800 In the Percy Division, cost of goods sold is 559.000 variable and $17.000 fored, and operating expenses are $29.100 variable and $21.100 feed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued U 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 numbers-45 of parentheses. Net Income 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) Veronica is