Arlington Clothing, Inc., shows the following information for its two divisions for year 1. Sales revenue Cost of sales Allocated corporate overhead Other general and administration Lake Region $4,080,000 2,616,300 244,800 538,900 Coastal Region $12,920,000 6, 460,000 775,200 3,740,000 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. (Ente to 1 decimal place.) Lake Region 680.0 Coastal Region 306.0 Operating income $ Reg B1) Req A Req B1 Req B2 What are the gross margin and operating margin percentages for both divisions? (Ente rounded to 2 decimal places (l.e., 32.12).) Gross margin percentage Operating margin Lake Region 35.88 % 15.64 % Coastal Region 50.00 % 15.15 %