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 \\( \\$ 480,000,60 \\% \\), and \\( \\$ 48,000 \\), respectively. The North Division's contribution margin and contribution margin ratio are \\( \\$ 135,000 \\) and \75, respectively. The South Division's segment margin is \\( \\$ 38,000 \\). The company has \\( \\$ 72,000 \\) 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))