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

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Shannon Comparny segments its income statement into its North and South. Divisions. The company's overall sales, contribution margin ratio, and net operating income are $600,000,30%, and $12,000, respectively. The North Division's contribution margin and contribution margin rato are $68.000 and 34%, respectively. The South Division's segment margin is $40,000. The company has $60,000 of common fored expenses that connot be traced to either division Required: Prepare on 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 esch 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).)

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