Shannon Company segments its income statement into North and South Divisions. The company$$s overall sales, contribution margin ratio, and net operating income are $$1,110,000,44\%,$ and $$22,200,$ respectively. The North Division$$s contribution margin and contribution margin ratio are $$177,600$ and $48\%,$ respectively. The South Division$$s segment margin is $$199,800.$ The company has $$299,700$ 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.