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 $680,000, 60%, and $40,800, respectively. The North Division's contribution margin and contribution margin ratio are $210,000 and 75%, respectively. The South Division's segment margin is $58,000. The company has $68,000 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)) Divisions North South Total Company Amount % Amount % Amount % Sales $ 680,000 100.0 Variable expenses 408,000 60.0 272,000 40.0 0 0.0 0 0.0 Contribution margin Traceable fixed expenses 272,000 40.0 $ 0 0.0 $ 0 0.0 Territorial segment margin Common fixed expenses Net operating income $ 272,000 40.0