Shannon Company segments is income statement into its North and South Divisions. The company's overall sales contribution margin ratio and net operating income are $650 000. 40 and $3000. respectively. The North Division's contribution margin and contribution margin ratio are $10000 and 44% respectively. The South Division's segment margin is $60.000. The company has $97.500 of common tored 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 0.1234 should be entered as 1231) Divisions Total Company Amu nt