Shannon Company segments its income statement into its North and South Divisions. The companys overall sales, contribution margin ratio, and net operating income are $480,000, 60%, and $48,000, respectively. The North Divisions contribution margin and contribution margin ratio are $135,000 and 75%, respectively. The South Divisions segment margin is $38,000. The company has $72,000 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. (Round your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3))

			Division		Division
	Total Company		North		South
	Amount	%	Amount	%	Amount	%
sales	480,000	100%	180,000	%	300,000	%
vbariable expenses	192,000	%	45,000	%	147,000	%
contribution margin	288,000	%	135,000	%	153,000	%
traceable fixed expenses	168,000	%	53,000	%	115,000	%
territorial segment margin	120,000	%	82,000	%	38,000	%
common fixed expenses	72,000	%
net operating Income	48,000	%

My $ amounts are correct, but percentages are not. Please show me the calculations how to calculate %. Thank you