Exercise 14-27 (Algo) Computing Divisional Income: Incomplete Information and Financial Ratios (LO 14- 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 all values as positive value. Round your answers to 1 decimal place. Sales Cost of sales Gross margin Selling, General and Administrative Allocated corporate costs (Thousands of Dollars) Pacific Southern Total 20.0 100.0 Operating income Tax expense (@20%) After-tax income $ 1,016.8 Gross margin percentage 40.00 % 50.00 % 48.00 % Operating margin 20.00 % 36.00 % 32.80 % Profit margin 16.00 % 28.80 % 26.24 %