egment Analysis Question 2 (of 5) value 4.00 points Exercise 6-7 Segmented Income Statement [LO6-4] Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin rato, and net operating income are S400,000, 60%, and $40,000. respectively The North Dvsion's contribution marg n and contribution margin rato are stos,000 and 75% respectively The South Division's segment margin is $30,000 The company has $48,000 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 (i.e.1234 should be entered as 12.3)) Divisions Total Company North South Amount Amount ontribution margin raceable foxed expenses Torrtorial segment margn ommon foxed exponses 0.0 0.0 00 S 00 $ 0.0 operating income O Type here to search