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 $500,000,46%, and $10,000, respectively. The North Division's contribution margin and contribution margin ratio are $150.000 and 50%, respectively The South Division's segment margin is $30,000. The company has $90,000 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. 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 1234 should be entered as 12.3)) your percentage answers to 1 decimal place (ie 1234 should be entered as 12.3)) Answer is not complete. Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses Net operating income Total Company North Amount Amount $ 500,000 100.0 $ 300,000 270,000 100.0 150,000 230,000 1000 150,000 130.000 1000 X 80,000 100,000 1000 * $ 70,000 90,000 $ 10,000 Divisions South Amount 600 $ 200,000 556 120,000 652 80,000 615 50,000 70.0 % $ 30,000 40.0 % 444 34.8% 385 3003 >