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Your assistance with this would be appreciated. I began it but am having difficulties. Exercise 6-7 (Algo) Segmented Income Statement [LO6-4] shannon Company segments its

Your assistance with this would be appreciated. I began it but am having difficulties.

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Exercise 6-7 (Algo) Segmented Income Statement [LO6-4] shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $480,000, 36%, and $9,600, respectively. The North Division's contribution margin and contribution margin ratio are $92,000 and 40%, respectively. The South Division's segment margin is $32,500. The company has $62,400 of common fixed expenses that cannot be traced to either division. Required: L7 Prepare a _ssegmented 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). , Amount | , A n s za0000f 1000f s 260000f 1000

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