NSI 1. As part of an employment interview, you are given the part financial ratios shown for Sneaky Pete's, a chain of western stores and you are told that the corporate overhead costs are allocated to sales. 15 POINTS EACH (E ial income statement and selected n stores. There are two divisions divisions based on relative Mountain Division Valley DivisionCorporate Sales Cost of sales Gross margin SG&A Allocated corporate costs 8,000 40,000 Operating income Tax expense at 20% 98,400 After-tax income 500 375 40.0 37.5 Gross margin % Operating margin % Profit margin % 20.5 20 22.5 18.0 16.0 A. Complete the income statements for both divisions and the corporation as a whole. B. What recommendation (s) would you make about computing divisional income for divisional performance measurement at Sneaky Pete's? Required: 8IPage