ces 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 $640,000, 60%, and $64,000, respectively. The North Division's contribution margin and contribution margin ratio are $195,000 and 75%, respectively. The South Division's segment margin is $54,000. The company has $76,800 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 answers to 1 decimal place (ie .1234 should be entered as 12.3)) Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses Net operating income Divisions. Total Company Amount North South % Amount % Amount % $ 640,000 100 0 100.0 256,000 40.0 25.0 384,000 60.0 0 750 0 0.0 243.200 38.0 140,800 220 $ 0 75.0 $ 0.0 76,800 120 $ 64,000 10.0