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E7.27 (LO 6) Excel Nicole Filippas, a recent graduate of Rollings University's accounting program, evaluated the operating performance of Poway Company's six divisions. Nicole made the following presentation to Poway's board of directors and suggested the Erie division be eliminated. "If the Erie division is eliminated," she said, "our total profits would increase by $23,870." The Other Five Divisions Erie Division Total Sales $1,664,200 $ 96,200 $1,760,400 Cost of goods sold 978,520 76,470 1,054,990 Gross profit 685,680 19,730 705,410 Operating expenses 527,940 43,600 571,540 Net income $ 157,740 $(23,870) $ 133,870 In the Erie division, the cost of goods sold is $70,000 variable and $6,470 fixed and amounting numannan own dig Your account, get help and send feedback 5,000 variable and $28,600 fixed. None of the Erie division's fixed costs will be eliminated if the division is discontinued. Instructions Is Nicole right about eliminating the Erie Division? Prepare a schedule to support your answer. Calculate the contribution margin and determine the products to be manufactured