Exercise 6-7 Segmented Income Statement (L06-4) points 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 $810,000, 32%, and $16,200, respectively. The North Division's contribution margin and contribution margin ratio are $111,600 and 36%, respectively. The South Division's segment margin is $105,000. The company has $170,100 of common fixed expenses that cannot be traced to either division. eBook 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 (i.e.1234 should be entered as 12.3).) Hint Print Total Company Amount $ 810,000 North Amount Divisions South Amount 100.0 % % 100.0 100.0 References Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses Net operating income