Leapin Larry's Pre Owned Cars has two divisions, Operations and Financing. Operations is responsible for selling Larry's inventory as quickly as possible and purchasing cars for future sale. Financing Division takes loan applications and packages loans into pools and sells them in the financial markets. It also services the loans. Both divisions meet the requirements for segment disclosures under accounting rules Operations Division had $35 million in sales last year Casts, other than those charged by FiigDivision, totaled $19 million Financing Division earned revenues of $10 million from servicing loans and incurred outside costs of $11 million In addition, lender Financing charged Operations S8 million for loan-related tees Operations's manager complained to Larry that Financing was charging twice the commercial rate for loan-related fees and that Operations would be better off sending its buyers to an outside lowor, servicing Larrys is more difficult, ther Financing's managcr r cplicd that at hough commcrcial ratcs could be lower, scrvicing Larry's loans i by justtying the higher fes Required: a w hal ale the reported se ment oper aling prolits or each c msion ignoring incorne axes and using sa mi lon rans er pt ce ees? r the loan-e aled Enter your answers in milions. n Division Operation Division Financing Division b. What are the reported segment operating protits tor each division, ignorning income taxes and using a $4 million commercial rate as the transter price tor the loan-related tees (Enter your answers in millions Operation Division Financing Division