Shannon Company segments its income statement into its North and South Divisions. The companys overall sales, contribution margin ratio, and net operating income are $560,000, 60%, and $56,000, respectively. The North Divisions contribution margin and contribution margin ratio are $165,000 and 75%, respectively. The South Divisions segment margin is $46,000. The company has $56,000 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 Total Company North South Amount Amount Amount 0 0.0 0.0 0.0 0.0 $ 0 0.0 $ 0 0.0 0 0.0