Hernandez Enterprises has two divisions-Retail and Wholesale, Cost and revenue data for each division for the current month are as follows Sales Variable costs as a percentage of sales Fixed costs traceable to product lines Divisions Retail Wholesale $ 500,000 $360,000 Sex 4ex $ 250,000 $ 120,000 In addition, fixed costs that are common to both divsions amount 10 $96.000 Required: . Prepare the company's responsibility income statement for the current month Report the responsibility margin for each division and income from operations for the company as a whole Also include columns showing all dollar amounts as percentages of sales b-1. According to the analysis performed in parte, which division is most profitable in terms of dollars of responsibility margin that it contributes to the company? b-2. Should the common fixed costs be considered when determining the profitability of the two divisions individually c. The company has $15.000 to be oned in advertising for one of its two divisions and expects that this expenditure will result in odditional sales of $60,000 How should the company decide which division to advertise? Complete this question by entering your answers in the tabs below. REGA Reg 1 Reg B2 Rec Prepare the company's responsibility Income statement for the current month Report the responsibility margin for each division and Income from operations for the company as a whole. Also include columns showing all dollar amounts as percentages of sales. (Round your percentage answers to the nearest whole percentage)