Peak Corporation has two regional divisions organized as profit centers. The following annual income and expense accounts were provided from the trial balance as of December 31, 2022: 10 and 000,01 gm North Division to 0 at esvoited momenem milhol or grisom Revenues in to ged to ($3,800,000 int Cost of goods sold to godetes 1,700,000 1,437,000 South Division to Corporate hul hoe nobr silins) on $6,400,000b lliw live noting an avowal 3,500,000 or slam of insom 1,833,000 Operating expenses Shareholder relations Purchasing Payroll accounting Officers' salaries, boinb (as aresti omil 00.012 $450,000 500,000 ps 300,000 sri odiodw snima) (vilamall A) soxilirm muloo gnibed doo) anglers leiino700,000 Number of purchase requisitions amullA) 2,000 Ha bluroris 6,000 Number of payroll checks 200 300 The Shareholder Relations Department conducts a variety of services for shareholders of the company and is not controllable by the Division managers; either are the corporate officers' salaries. The activity bases for purchasing and payroll accounting are the number of purchase requisitions and the number of payroll checks, respectively. Required: 1. Prepare an annual income statement in proper form (correct heading, line items, subtotals, etc.) for the North Division. 2. Prepare a detailed calculation of the profit margin for the North Division