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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 5810,000,

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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 5810,000, 32%, and $16.200, respectively. The North Division's contribution margin and contribution margin ratio are $111,600 and 36%, respectively. The South Division's segment margin is $105,000. The company has $170,100 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. 1234 should be entered as 12.3).) Answer is not complete. Sales Variable expenses Contribution margin Total Company North Amount Amount S 810,000 1000 S 310.000 550.800 630 198,400 259 200 320 116.000 243.000 3000 16,200 20 Divisions South Amount 1000 S 500.000 640 195.000 35.0 105.000 % 1000 790 10 Sales 3

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