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$6$

Exercise $6-7($Algo$)$ Segmented Income Statement $[$LO$6-4]$

$1\mathrm{.}5$ points

Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $$720,000,44\%,$ and $$14,400,$ respectively. The North Division's contribution margin and contribution margin ratio are $$129,600$ and $48\%,$ respectively. The South Division's segment margin is $$76,500.$ The company has $$122,400$ 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 $\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$

Answer is complete but not entirely correct.

$\backslash$table$[[,,,,$Divisions$],[,,$Total Company,North,South$],[,,$Amount,$\%,$Amount,$\%,$Amount,$\%$