Saved As a part of an employment interview, you are given the partial income statement and selected financial ratios shown for Sneaky Pete's, a chain of western stores. Sneaky Pete's is organized into two divisions: Mountain and Valley. You are told that corporate overhead costs are allocated to divisions based on relative sales. Required: a. Complete the income statements for both divisions and the corporation as a whole. (Enter all values as positive value. Round your answers to 1 decimal place.) Sales Cost of sales Gross margin SG&A Mountain Division Valley Division Corporate Allocated corporate costs 15.6 Operating income Tax expense (@25%) After-tax income 78.0 $ 135.6 Gross margin percentage 69.00 % 44.00 % 49.00 % Operating margin 29.00 % 21.00 % 22.60 % Profit margin 21.80 % 15.75 % 16.95 %