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 $480,000,36%, and $9,600, respectively. The North Division's contribution matgin and contribution margin ratio are $92,000 and 40%, respectively. The South Division's segment margin is $32.500. The company has $62.400 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 Prepuired: 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 decimol place (i.e .1234 should be entered as 12.3).)