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 $4,110,000 2,666,300 246,600 548,900 Coastal Region $13,020,000 6,510,000 781,200 3,750,000 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? Complete this question by entering your answers in the tabs below. Reg A Req B1 Req B2 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 Operating income ROGA Req B1 > Complete this question by entering your answers in the tabs below. Req A teq 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 % % Req A Req B1 Req$2 How well have these divisions performed? (Select all that apply.) The gross margin percentage is higher in Lake Region Divisional income is greater in Coastal Region. The gross margin percentage is higher in Coastal Region Corporate overhead appears to be allocated on the basis of revenues. The operating margin is greater in Lake Region Divisional income is greater in Lake Region ID