M Question 2 - Ch 11 Post-Class... ChatGPT s Assignment ezto.mheducation.com Saved Paraphrasing Tool - QuillBot Al EE Bow Valley College | Home Help Shannon Company segments its income statement in its North and South Division. The company's overall sales, contribution margin ratio, and net operating income are $600,000, 60%, and $36,000, respectively. The North Division's contribution margin and contribution margin ratio are $180,000 and 75%, respectively. The South Division's segment margin is $50,000. The company has $90,000 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. (Round your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3)) Sales Variable expenses Contribution margin Divisions Total Company North South Amount % Amount % Amount % 0 0.0 0 0.0 0 0.0 0 0.0 $ 0 0.0 $ Net operating income $ 0 0.0 0.0