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 $380,000, 34%, and $7600, respectively. The North Division's contribution margin and contribution margin ratio are $83,600 and 38%, respectively. The South Division's segment margin is $19,200. The company has $45,600 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 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 Sales ariable expenses Contribution margin raceable fixed expenses erritorial segment margin Common fixed expenses Net operating income