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 $$480,000,36\%,$ and $$9,600,$ respectively. The North Division's contribution margin and contribution margin ratio are $$92,000$ and $40\%,$ respectively. The South Division's segment margin is $$32,500.$ The company has $$62,400$ of common fixed expenses that cannot be traced to elther 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 $($l$.$e $1234$ should be entered as $12\mathrm{.}3).)$