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Exercise 6-7 Segmented Income Statement [LO6-4] Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio,

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Exercise 6-7 Segmented Income Statement [LO6-4] 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 $600,000, 60%, and $36,000, respectively. The North Di son's contribution margin and contribution margin ratio are$1800 and 75%, respectively. The South Division's segment margin is $50.000. The company has $90,000 of common fixed Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. (Round your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3) Tota North South Amount Amount 0.0 0 0.0 0.0 0.0 $ 0.0 $ 0.0 0 0.0

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