Exercise 6-7 (Static) Segmented Income Statement (L06-4] 2 10 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 $500,000,46% and $10.000, respectively. The North Divisions contribution margin and contribution margin ratio are $150.000 and 50% respectively. The South Division's segment margin is $30,000. The company has $90 000 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 dem on the segmented income statement as a percent of sales (Round your percentage answers to 1 decimal place (lo 1234 should be entered as 12.31) To C Division tou Amount Amount