Exercise $14-27($Algo$)$ Computing Divisional Income: Incomplete Information and Financial Ratios $1)$

The following partial financial information $($in thousands of dollars$)$ is available for Thole, Incorporated:

Corporate overhead costs at Thole are allocated to divisions based on relative sales.

Required:

a$.$ Complete the income statements for both divisions and the corporation as a whole.

Note: Enter your answers in thousands. Enter dil values as positive value. Round your answers to $1$ decimal place.

$\backslash$table$[[,,,$usands of Dolla,,,,$],[,$Pacific,,Southern,,,Total,$],[$Sales$,,,,,,,],[$Cost of sales,,,,,,,$],[$Gross margin,,,,,,,$],[$Selling$,$ General and Admi,,,,,,,$],[$Allocated corporate costs,$20\mathrm{.}0,,,,,100\mathrm{.}0,],[$Operating income,,,,,,,$],[$Tax expense $($@$20\%),-,,,,,,],[$After$-$tax income,,,,,$$,459\mathrm{.}2,],[$Gross margin percentage,$40\mathrm{.}00,\%,50\mathrm{.}00,\%,,48\mathrm{.}00,\%$