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 $440,000, 60%, and $26,400, respectively. The North Division's contribution margin and contribution margin ratio are $120,000 and 75%, respectively. The South Division's segment margin is $34,000. The company has $44,000 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 (Le .1234 should be entered as 12.3))