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

Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $$1,080,000,42\%,$ and $$21,600,$ respectively. The North Division's contribution margin and contribution margin ratio are $$165,600$ and $46\%,$ respectively. The South Division's segment margin is $$187,200.$ The company has $$280,800$ 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 $($i$.$e $.1234$ should be entered as $12\mathrm{.}3).)$

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