Shannon Company segments its income statement into North and South Divisions. The companys overall sales, contribution margin ratio, and net operating income are $350,000, 32%, and $7,000, respectively. The North Divisions contribution margin and contribution margin ratio are $75,600 and 36%, respectively. The South Divisions segment margin is $15,400. The company has $38,500 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).