Shannon Company segments its income statement into its North and South Divisions. The companys overall sales, contribution margin ratio, and net operating income are $960,000, 34%, and $19,200, respectively. The North Divisions contribution margin and contribution margin ratio are $121,600 and 38%, respectively. The South Divisions segment margin is $140,800. The company has $211,200 of common fixed expenses that cannot be traced to either division.

Check my wos 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).) Total Company Amount North Amount Divisions South Amount % % AD ACE 26