number of hours billed is an activity base for this work. The following additional information has been gathered: 1. Prepare quarterly income statements showing income from operations for the three divisions. Use three column headings: East, West, and Central. 2. Compute the profit margin for each division. Enter percentage rounded two decimal places (e.g. .22547 is 22.55%. number of hours billed is an activity base for this work. The following additional information has been gathered: 1. Prepare quarterly income statements showing income from operations for the three divisions. Use three column headings: East, West, and Central. 2. Compute the profit margin for each division. Enter percentage rounded two decimal places (e.g. .22547 is 22.55%