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Return to ou Shannon Company segments its income statement into its North and South Divisions. The company's overal sales, contribution margin ratio, and net operating

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Return to ou Shannon Company segments its income statement into its North and South Divisions. The company's overal sales, contribution margin ratio, and net operating income are $500,000, 46%, and $10,000, respectively. The North Division's 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 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)) Answer is not complete. Divisions Total Company North South Amount Amount Amount 1000 100.0 Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment to search

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