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Shannon Company segments its income statement into North and South Divisions. The company's overall sales,...

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Accounting

Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin
ratio, and net operating income are $960,000,34%, and $19,200, respectively. The North Division's contribution margin and
contribution margin ratio are $121,600 and 38%, respectively. The South Division's segment margin is $140,800. The company has
$211,200 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).
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