25 points Arlington Clothing, Inc., shows the following information for its two divisions for year 1. eBook Sales revenue Cost of sales Allocated corporate overhead Other general and administration Lake Region $4,000,000 2,616,300 244,800 538,900 Coastal Region $12,920,000 6, 460,000 775,200 3,740,000 Print References Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Prey 1 of 4 ! Next > Print Req A Reg B1 Req B2 References Compute divisional operating income for the two divisions. Ignore taxes. (Enter your answers in thousands of dollars rounded to 1 decimal place.) Lake Region Coastal Region $ 924,800.00 $ 2,720,000.0 Operating income Arlington Clothing, Inc., shows the following information for its two divisions for year 1. 25 points sales revenue Cost of sales Allocated corporate overhead Other general and administration Lake Region $4,000,000 2,616,300 244,800 5 38,900 Coastal Region $12,920,000 6,460,000 775,200 3 ,740,000 The results for year 2 have just been posted. Sales revenue Cost of sales Allocated corporate overhead Other general and administration Lake Region $4,000,000 2,616,300 306,000 538,900 Coastal Region $9,520,000 4,760,000 714,000 3,740,000 Required: a. Compute divisional operating income for the two divisions. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Required: a. Compute divisional operating income for the two divisions. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? 25 points Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. (Enter your answers in thousands of dollars rounded to 1 decimal place.) Lake Coastal Region Region Operating income $ 680,000.0 $ 1,944,800.0