Check my work Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $650,000, 40%, and $13,000 respectively. The North Division's contribution margin and contribution margin ratio are $110,000 and 44%, respectively. The South Division's segment margin is $60,000. The company has $97,500 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. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal ploce (.e.1234 should be entered as 12.3).) Total Company Amount 650,000 North Division Amount South Division Amount Sales Variable expenses Contribution margin Check my work Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e.1234 should be entered as 12.3).) Total Company Amount 650.000 North Division Amount South Division Amount Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common foxed expenses Net operating income Draw 2 3: Alnut Total Company Amount 650,000 North Division Amount South Division Amount