Exercise 7-7 Segmented Income Statement (LO7-4) 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 $1,020,000.38%, and $20.400, respectively. The North Division's contribution margin and contribution margin ratio are $142,800 and 42%, respectively. The South Division's segment margin is $163,200. The company has $244.800 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... 01234 should be entered as 12,3).) Total Company Amount North Amount Divisions South Amount