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Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution matgin ratio, and net operating income are $1,050,000,40%,

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Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution matgin ratio, and net operating income are $1,050,000,40%, and $21,000, respectively. The North Division's contribution margin and contribution margin ratio are $154,000 and 44%, respectively. The South Division's segment margin is $175,000. The company has $262.500 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 percentoge onswers to 1 decimal place (i.e. 1234 should be entered as 12.3).)

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