ck \" nt sk mt rences 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 $900000. 30%. and $18,000. respectively. The North Division's contribution margin and contribution margin ratio are $102000 and 34%. respectively. The South Division's segment margin is $120,000. The company has $180000 of common xed 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 place (Le .1234 should be entered as 12.3).)