Question: please do calculations that i got wrong!!! Shannon Company segments its income statement into its North and South Divisions. The company's overall sales, contribution margin
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 $660,000, 42%, and $13,200, respectively. The North Division's contribution margin and contribution margin ratio are $119,600 and 46%, respectively. The South Division's segment margin is $64,000. The company has $105,600 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 segmentedby 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 12.3).) 100.0 Answer is complete but not entirely correct. Divisions Total Company North South Amount % Amount % Amount S 660.000 100.0 S 260,000 100.0 $ 400,000 382.800 58.0 140,400 540 242,400 277 200 42.0 119,600 46.0 157,600 158.400 02 64,800 0.3 93,600 118.800 02 54,800 0.28 64,000 105,600 0.2 $ 13,200 0.0 60.6 Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses Net operating income 39.4 0.23 0.2 Olo
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