Exercise 6-7 Segmented Income Statement LO6-4] Shannon Company segments its income statement into its North and South Divisions. The companys overall sales contribution margin ratio, and net operating income are $480,000, 60% and $48,000, respectively The North Dr son's contribution margin and contribution margin ratio are S135 000 and 75% respectively. The South Division's segment margin is $38,000. The company has $72,000 of common fixed expenses that cannot be traced to either divisiorn Required Prepare an income statement for Shannon Company that uses the contribution format and is segmented by dwisions. (Round your percentage answers to 1 decimal place (Le .1234 should be entered as 12.3) Divisions Total Company North South Amount Amount Amount