Question: please help having trouble understanding this step by step pls! Shannon Company segments its income statement into its North and South Divisions. The company's overall

please help having trouble understanding this step by step pls!
please help having trouble understanding this step by step pls! Shannon Company

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 $780,000, 46%, and $15,600, respectively. The North Division's contribution margin and contribution margin ratio are $140,000 and 50%, respectively. The South Division's segment margin is $90,000. The company has $140,400 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 (le. 0.1234 should be entered os 12.3).) Total Company North Amount 34 Amount $ 780,000 100.0f $ 280,000 Divisions South % Amount 1000 Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses Net operating income

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