Exercise $6-7($Algo$)$ Segmented Income Statement $[$LO$6-4]$

Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $$780,000,46\%,$ and $$15,600,$ respectively. The North Division's contribution margin and contribution margin ratio are $$140,000$ and $50\%,$ respectively. The South Division's segment margin is $$90,000.$ The company has $$140,400$ of common fixed expenses that cannot be traced to either division.

Required:

Prepare a segmented income statement for Shannon Company using the contribution format. For the company as a whole and for each division, show each item on the segmented income statements as a percent of sales.

Note: Round your percentage answers to $1$ decimal place $($i$.$e $1234$ should be entered as $12\mathrm{.}3).$