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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 $350,000.32%,

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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 $350,000.32%, and $7,000, respectively. The North Division's contribution margin and contribution margin ratio are $75,600 and 36%, respectively. The South Division's segment margin is $15,400. The company has $38,500 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 (.e.1234 should be entered as 12.3).) Sales Variable expenses Contribution margin Traceable foxed expenses Territorial segment margin Common foxed expenses Net operating income >>>> Answer is not complete Divisions Total Company North South Amount Amount Amount $ 350,000 1000 $ 210,000 1000S 140.000 238,000 080 134.400 640 103 600 112,000 320 360 75,600 36.400 66,500 190 45,500 217 21000 45 500 130 30, 100 14 3 15.400 38,500 7,000 1000 740 260 150 110 Next >

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