Shannon Company segments its income statement into North and South Divisions. The company$$s overall sales, contribution margin ratio, and net operating income are $$780,000,46\%,$ and $$15,600,$ respectively. The North Division$$s contribution margin and contribution margin ratio are $$140,000$ and $50\%,$ respectively. The South Division$$s segment margin is $$90,000.$ The company has $$140,400$ of common fixed expenses that cannot be traced to either division.Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $$780,000,46\%,$ and $$15,600,$ respectively. The North Division's contribution margin and contribution margin ratio are $$140,000$ and $50\%,$ respectively. The South Division's segment margin is $$90,000.$ The company has $$140,400$ 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.

Note: Round your percentage answers to $1$ decimal place $($i$.$e $1234$ should be entered as $12\mathrm{.}3).$

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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.

Note: Round your percentage answers to $1$ decimal place $($i$.$e $\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$