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 $4,090,000 2,656,300 245,400 546,900 Coastal Region $13,000,000 6,500,000 780,000 3,748,000 Required: 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. ReqA Req B1 Req B2 What are the gross margin and operating margin percentages for both divisions? (Enter your answers as a percentage rounded to 2 decimal places i.e., 32.12).) Lake Region % Coastal Region % Gross margin percentage Operating margin % %