Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin Shannon ratio, and net operating income are $ $211,200 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 your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3) 960,000 34%, and $19,200, respectively. The North Division margin ratio are $121,600 and 38%, respectively. The South Division's segment margin is $140,800. The company contribution margin and and for each segment, show each item on the segmented income statements as a percent of sales. (Round Total Company North . + budget analysispySP-19-sylabus-C.docxReviewQuestions..docx n