21 72 73 Question 2 - 9 marks 24 S 02. Toronto Corp. has two divisions: North and South. During the year just ended, the North Division had a segment 6 margin of S12,000 and variable costs equal to 70% of sales. The South Division had sales of $60,000 and traceable fixed costs were 7. $19,000. The Company as a whole had a contribution margin of 40%, a segment margin of $45,000, common costs of $14,000 and sales of $220,000. Required: 1 - Carefully analyse the given data above and use it to prepare a segmented income statement (S and %) showing the Company totals as well as the amounts for the North and South Divisions. (9 marks) VB Company Total $ North Division $ % South Division $ % % Show anylall workings in here: SECTION 3 SECTION 2 FORMULA SHI SECTION 06 SECTION 5 SECTION 4