Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $1,020,000, 38%, and $20,400, respectively. The North Division's contribution margin and contribution margin ratio are $142,800 and 42%, respectively. The South Division's segment margin is $163,200. The company has $244,800 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. 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 (I.e. 0.1234 should be entered as 12.3).) Answer is not complete. Total Company North South Amount Amount Amount 01,020,000 10 100.0 340,000 62.00 142,800 100.0 680,000 20 489,600372.0 100.00 Sales Variable expenses Contribution margin,6380197,200 632,400 58.0 190,400 28.0 Traceable fixed Territorial segment Common fixed Net operating income 122,400 12.0 95.2000 28.00 27,200 3 |265,200. 26,001 102,000. 30.0.163.200. 24.00 244,800