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Struggling to finish this one and Im not sure if Im doing it right Shannon Company segments its income statement into its North and South

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Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating incom e are $650,000, 40%, and $13,000, respectively. The North Division's contribution margin and contribution margin ratio are S110000 and 44%, respectively. The South Division's segment margin is S60000. The company has $97,500 of common fixed expenses that cannot be traced to either division ts Required: Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e 1234 should be entered as 12.3).) eBook Hin Print teferences Divisions North South Total Company Amount $ 650,000 Amount 100.0 $ 220,000 171,600 110,000 100.0 56.0 4.0 Sales Variable expenses Contribution margin Traceable foxed expenses Territorial segment margin Common fixed expenses Net operating income 60.0 40.0 $ 13,000 Activate ?Prev 7 of 81 Next >

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