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ans plz Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income

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Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income are $700,000,50%, and $56,000, respectively. The North Division's contribution margin and contribution margin ratio are $217,500 and 75%, respectively. The South Division's segment margin is $60,000. The company has $84.000 of common fixed expenses that cannot be traced to either division. Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. (Round your percentage onswers to 1 decimal place (i.e. 1234 should be entered as 12.3))

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