Blue Devil Contracting has two divisions. They are located in Detroit, Michigan and Austin, Texas respectively. A summary of their 2021 operations are as follows: Corporate fixed overhead, not directly allocable to either division, was $2,200,000. For 2022 , fixed overhead is expected to increase by 5% for each division, the corporate overhead is expected to remain constant. The Contribution Margin Ratio for each division is expected to remain unchanged. Company management has set a goal of increasing the company's net income by 10% for 2022 . The Detroit division has been tasked with contributing at least 65% of the 2022 income. Management has asked you to: 1. Determine the 2021 income for each division and the company overall. 2. Determine the minimum revenue that each division must generate to meet the targeted income for 2022 . Prepare a 2022 income statement to check your figures