Bavis, Hanagerial Accounting. 3e Gradebook ORION Downloadable eTextbook ent Sheridan, Inc. operates three divisions, Weak, Average, and Strong. As it turns out, the Weak division has the lowest operating income, and the president wants to close it. "Survival of the fittest, I sayl" was his response when the Weak division's manager insisted that his division earned money for the company. Following is the most recent financial analysis for each division: Weak Average Strong Sales revenue $128,000 $343,500 $538,400 Variable expenses 51,900 199,200 306,200 Contribution margin 76,100 144,300 232,200 33,700 75,500 110,200 Allocated expenses 59,800 59,800 59,800 Operating income $(37400) 9,000 $62,200 Direct expenses Your answer is partially correct. Try again Prepare a revised income statement showing the segment margin for each division. Weak Strong Total