Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income are $740,000, 50%, and $37,000, respectively. The North Division's contribution margin and contribution margin ratio are $232,500 and 75%, respectively. The South Division's segment margin is $64,000 The company has $74,000 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. (Round your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3)) Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin: Common fixed expenses Divisions Total Company North South Amount % $ 740,000 Amount 100.0 $ 465,000 % Amount 100.0 $ 275,000 100.0 518,000 50.0 222,000 50.0 233,000 232,000 25.0 75.0 275,000 100.0 222,000 50.0 $ 232,000 75.0 $275,000 100.0 of 4 Next >