Shannon company segments its income statement into its north and south divisions. the companys overall sales, contribution margin ratio, and net income are 1,020,000, 38%, and $20,400, respectively. the norths division contribution margin and contribution margin ratio are $142,000 and 42% respectively. the souths divisions segment margin in $163,200. the company has $244,800 of common fixed expenses that cannot be traced to either division

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 $1,020,000,38% , and $20,400, respectively. The North Division's contribution margin and contribution margin ratio are $142,800 and 42 %, respectively. The South Division's segment margin is $163,200. The company has $244,800 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).-)