Horizon Foods Inc. is a diversified food products company with three operating divisions organized as investment centers. Condens data taken from the records of the three divisions for the year ended June 30,20Y7, are as follows: The management of Horizon Foods Inc. is evaluating each division as a basis for planning a future expansion of operations. Required: 1. Prepare condensed divisional income statements for the three divisions, assuming that there were no service department charges. Horizon Foods Inc. Divisional Income Statements For the Year Ended June 30, 20 Y7 \begin{tabular}{|c|c|c|c|} \hline Line Item Description & Breakfast Division & Lunch Division & Dinner Division \\ \hline Sales & $ & $ & $ \\ \hline Cost of qoods sold & & & \\ \hline Gross profit & $ & $ & $ \\ \hline Operating expenses & & & \\ \hline Operating income & $ & $ & $ \\ \hline \end{tabular} 2. Using the DuPont formula, compute the profit margin, investment turnover, and return on investment for each division. Round to one decimal place. 3. If available funds permit the expansion of operations of only one division, which of the divisions would you recommend for expansion, based on parts (1) and (2)? Complete the paragraph below. Note: Round any amounts to the nearest cent. Per dollar of invested assets, the Division is the most profitable of the three divisions. Assuming that the returns on investment do not change in the future, an expansion of this division will return \$ cents on each dollar of invested assets. Thus, when faced with limited funds for expansion, management should consider the division identified above