Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute divisional operating income for the three regions. Ignore taxes. Note: Do not round the "Overhead rate" value. Round your final answers to the nearest whole dollar amount. Region I Divisional income $ 123,985 Region II $ 134,960 Region III $ 253,000 Exercise 14-24 (Algo) Compute Divisional Income (LO 14-1) Lauderdale Corporation is organized in three geographical divisions (regions) with managers responsible for revenues, costs, and assets in their respective regions. The firm is highly decentralized and managers are evaluated solely on divisional performance. Corporate overhead (all fixed) is allocated to the regions based on regional gross margin (regional revenue minus regional cost of sales). The following information is from Lauderdale's first year of operations: Revenues Cost of sales Selling, General and Administrative (all fixed) Corporate overhead Required: Region I $ 1,207,000 453,500 Region II Region III Total Corporation $ 1,657,000 813,500 $ 2,257,000 1,143,500 $ 5,121,000 2,410,500 430,500 640,500 860,500 1,931,500 446,000 a. Compute divisional operating income for the three regions. Ignore taxes.