htm Ch7 Practice Homework Exercise 7-7 Segmented Income Statement [L07-4] Shannon Company segments as income ststement into its North and Soutn Divisions. The company's averall sales, contribution margin retio, and net operating income are SS00000 46%, and soooo resoectively The North po ision's contrbution margin ni contribution margin etio are $150.000 anc 0%, respect ely The South Division's segment mar n is S30,000. The company has 90,000 of common fixed expenses that connot be traced to either division Prepare an income stacement for Shannon Company that uses the contribution format and is segmented by divisions in addition, far the comparty as e whole and for each sagment, show eech item on the segmented income statements as a percent of sales your percentage answers to 1 decimal place lie O.1234 should be entered es 12.3) (Round Total Company South here to search