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Shannon Company segments its income statement into North and South Divisions. The company's overall sales,...

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Accounting

Shannon Company segments its income statement into North and South Divisions. The company's overall sales, contribution margin ratio, and net operating income are $1,080,000,42%, and $21,600, respectively. The North Division's contribution margin and contribution margin ratio are $165,600 and 46%, respectively. The South Division's segment margin is $187,200. The company has $280,800 of common fixed expenses that cannot be traced to either division.
Required:
Prepare a segmented income statement for Shannon Company using the contribution format. For the company as a whole and for each division, show each item on the segmented income statements as a percent of sales.
Note: Round your percentage answers to 1 decimal place (i.e 1234 should be entered as 12.3). Please fill it out!!
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