Exercise 6-7 Segmented Income Statement [LO6-4 Shannon Company segments its income statement into its North and South Divisions. The company's overalil sales, contribution ratio, and net operating income are $1,110,000, 44%, and $22.200, respectively. The North Divisions contribution margin and contribution margin ratio are $1776 and 48% respectively. The South Division's segment margin is $199. The company has $299,700 of common fixed expenses that cannot be traced to either division. margin Required: Prepafe an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for e 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 (i.e .1234 should be entered as 12.3)) Divisions Total Company North South Amount Amount