Blossom, 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 say!" 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 $125,000 $340,000 $500,000 50,000 190,000 300,000 Sales revenue Variable expenses Contribution margin 75,000 150,000 200,000 30,000 50,000 Operating income (5,000) $30,000 $40,000 Direct expenses Allocated expenses 70,000 110,000 50,000 50,000 Your answer is correct. Prepare a revised income statement showing the segment margin for each division Weak Average Strong Total Sales 125,000 340,000 500,000 965,000 Variable expense Y 50,000 190,000 300000 540,000 Contribution margin 75,000 150,00 200,000 425,000