Chapter 6 Homework Required 3 20 Do elook 14 10 Pint www.chegg.com h... Hulu Home YouTube a Sever Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution marge ratio, and net operating income are $650,000, 40%, and $13,000, respectively. The North Division's contribution margin and contribution margin ratio are $110,000 and 44%, respectively. The South Division's segment margin is $60.000. The company has $97,500 of common fixed expenses that cannot be traced to either division 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 (ie 1234 should be entered as 12.31.) Divisions Tutal Company North Amount . A A