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

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 $\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$