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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

Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $1,140,000,46%, and $22,800, respectively. The North Division's contribution margin and contribution margin ratio are $190,000 and 50%, respectively. The South Division's segment margin is $212,800. The company has $319,200 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 12.3).
Answer is complete but not entirely correct.
\table[[,,,,Divisions],[,,Total Company,North,South],[,,Amount,%,Amount,%,Amount,%
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