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Sheridan, Inc operates three dlvisions, Weak, Average, and Strong As it turns out, the Weak division has the lowest operating income and the president wants to ciose it. "Survival of the fittest. I sayl" was his response when the Weak division's manager, insaisted Richard, that his division earned money for the company. Following is the most recent financial analysis for each division: (a) Prepare a revibed income statement showing the segment margin for each division. efextbook and Media Attempts 0 of 3 used (b) By how much would totai income change it the Weak division were drapoed? Ey how rouch would total income change if the Weak division were dropped? Total income will by $ eTextbookand Media Attempts: 0 of 3 used (c) Based on the way allocated expenses are divided among the divislons, what do you think will happen to the Average division if the compary continues to prepare financial statements in this way, assuming Weak was dropped? If Weakis dropped, then Average will repert allocated expenves of 5