Shannon Company segments its income statement into its North and South Divisions. The company$$s overall sales, contribution margin ratio, and net operating income are $$380,000,34\%,$ and $$7,600,$ respectively. The North Division$$s contribution margin and contribution margin ratio are $$83,600$ and $38\%,$ respectively. The South Division$$s segment margin is $$19,200.$ The company has $$45,600$ 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.

Note: Round your percentage answers to $1$ decimal place $($i$.$e $\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$