Round to one decimal place

\\begin{tabular}{lrr} & \\( \\begin{array}{c}\\text { Road Bike } \\\\ \\text { Division }\\end{array} \\) & \\( \\begin{array}{c}\\text { Mountain Bike } \\\\ \\text { Division }\\end{array} \\) \\\\ \\hline Soles & \\( \\$ 4,080,000 \\) & \\( \\$ 4,200,000 \\) \\\\ Cost of goods sold & \\( 1,795,000 \\) & \\( 1,974,000 \\) \\\\ Operating expenses & \\( 1,591,400 \\) & \\( 1,596,000 \\) \\\\ Invested assets & \\( 3,400,000 \\) & \\( 2,800,000 \\) \\end{tabular} Required: 1. Prepare condensed divisional income statements for the year ended December \\( 31,20 Y 7 \\), assuming that there were no support department allocations. Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 20Y7 Road Bike Mountain Bike Division Division Line Item Description Sales Cost of goods sold Gross profit. Operating expenses Operoting income 1. Prephre condensed divisianal income statomeots for the year ended December \\( 31,20 y \\), assuming that there were no support department allocations. 2. Using the Dufont formulo for return on investment, determine the probit margin, investment turnover, and retum on investment for each division. If required, round your an 3. If manegenent desires a minimum acceptable rate of return of \13, determine the residual income for each divisian. 4. On the basis of operating incomve, the: Division is the mare profitable of the two divisons. However, eperating income concider the residual income, the Division is the more profitable of the two divisions