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 $10,000 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 percentege answers to 1 decimal place (i.e .1234 should be entered as 12.3).) Total Company South Division North Division Amount Amount Amount Sales 650,.000 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 North Division South Division Amount Amount Amount Sales 650,000 Vaniable expenses Contribution margin Traceable fixed expenses Termitonial segment margin Common foxed expenses Net operating income Dra Alout