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 ttest, I say!\" was his response when the Weak division's manager, insisted Richard, that his division earned money for the company. Following is the most recent nancial analysis for each division: Weak Average Strong Sales revenue $127,900 $448,000 $539,400 Variable expenses 56,600 245,600 305,200 Contribution margin 71,300 202,400 234,200 Direct expenses 37,900 71,300 116,500 Allocated expenses 68,200 68,200 68,200 Operating income $(34,800) $62,900 $49,500 (a) Prepare a revised income statement showing the segment margin for each division. Weak Average Strong Total 4} 4b 4D 4} 4) b9 69 69 4D {D m (b) By how much would total income change if the Weak division were dropped? Total income will 3 by $ (c) Based on the way allocated expenses are divided among the divisions, what do you think will happen to the Average division if the company continues to prepare financial statements in this way, assuming Weak was dropped? If Weak is dropped, then Average will report allocated expenses of $ , resulting in an(c ) Based on the way allocated expenses are divided among the divisions, what do you think will happen to the Average division if the company continues to prepare financial statements in this way, assuming Weak was dropped? d expenses of $ resulting in an of $ for the division