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Shannon Company segments its income statement in its North and South Division. The...

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Accounting

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 $640,000,60%, and $64,000, respectively. The North Division's contribution margin and contribution margin ratio are $195,000 and 75%, respectively. The South Division's segment margin is $54,000. The company has $76,800 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. (Round your percentage answers to 1 decimal place (i.e 1234 should be entered as 12.3))
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