Shannon Company segments its income statement into its North and South Divisions. The companys overall sales, contribution margin ratio, and net operating income are $780,000, 46%, and $15,600, respectively. The North Divisions contribution margin and contribution margin ratio are $140,000 and 50%, respectively. The South Divisions segment margin is $90,000. The company has $140,400 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. 0.1234 should be entered as 12.3).)