Red Line Ralroad inc has tirce regional divisions organized as profit centers. The chief executve officer (CFO) evaluates divisional pertormance, using incorne trom operations as a percenf of revenues. The folowing quatedy incorme and eqperse accouns were provided from the thal balance as of Decceraber 31 The coenpary operates ttiree service departments Shareholder Relatom, Cuntorer Subport and Legal The Shayehoider Relahians Departinent conducts a variefy of services for: is an activity base for thus work. The following add sanal iciormaton has been gatfered 1. Prepare quarterly income statements showing income from operations for the three divisions. Use three column headings: East, West, and Central 2. Identify the most successful division according to the profit margin. Enter percentage rounded two decimal places (e.g.0.22547 is 22.55%6 ) 3. What would you include in a recommendation to the CEO for a better method for evaluating the performance of the divisions? What is a major weakness of the present method? Divisional Income Statemente 2. Compute the profit margin for each division. Enter percentage rounded two decimal places (e 9.22547 is 22.55% ). Now identify the most successful division according to the profit margin