The following partial financial information (in thousands of dollars) is available for Thole, Incorporated: Corporate overhead costs at Thole are allocated to divisions based on relative sales. Required: a. Complete the income statements for both divisions and the corporation as a whole. Note: Enter your answers in thousands. Enter all values as positive value. Round your answers to 1 decimal place. Answer is complete but not entirely correct. (Thousands of Dollars) Pacific Southern Total Sales Cost of sales $ 750.0 $ 3,000.0 $3,750.0 450.0 1,500.0 1,950.0 Gross margin $ 300.0 $ 1,500.0 $1,800.0 Selling, General and Administrative 130.0 340.0 470.0 Allocated corporate costs 20.0 80.0 100.0 Operating income $ 150.0 S 1,080.00 $1,230.0 Tax expense (@20%) 30.0 216.0 246.0 After-tax income $ 120.0 $ 864.0 $1,016.8 Gross margin percentage 40.00 % 50.00 % 48.00 % Operating margin 20.00 % 36.00 % 32.80 % Profit margin 16.00 % 28.80 % 26.24 %