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. (Thousands of Dollars) Pacific Southern Total Sales Cost of sales $ 775.0 $ 3,100.0 465.0 1,550.0 $ 3,875.0 2,015.0 Gross margin $ 310.0 $ 1,550.0 $ 1,860.0 Selling, General and Administrative 489.0 Allocated corporate costs 20.0 80.0 100.0 Operating income $ 1,271.0 Tax expense (@20%) 254.2 After-tax income $ 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 %