Exercise 6.7 (Algo) Segmented Income Statement [LO6-4] Shannon Company segments its income statement into its North and South Divisions. The company's overal sales contribution margin ratio, and net operating income are $1110,000,44%, and $22,200, respectively. The North Division's contribution margin and contribution margin ratio are $177,600 and 48%, respectively. The South Division's segment margin 15$199.800. The company has $299,700 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 odation, for the company as a whole and for each segment, show each item on the segmented income stotements as a percent of saies (Round your percentage answers to 1 decimal ploce (i.e .1234 should be entered as 12.3).)