Exercise 6-7 Segmented Income Statement [LO6-4] 1 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. 20 points Required: 024621 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)) Divisions Total Company North South Amount Amount Amount