Shannon Company segments its income statement into North and South Divisions. The companys overall sales, contribution margin ratio, and net operating income are $1,020,000, 38%, and $20,400, respectively. The North Divisions contribution margin and contribution margin ratio are $142,800 and 42%, respectively. The South Divisions segment margin is $163,200. The company has $244,800 of common fixed expenses that cannot be traced to either division. Required: Prepare a segmented income statement for Shannon Company using the contribution format. For the company as a whole and for each division, show each item on the segmented income statements as a percent of sales