1-a. Prepare contribution format income statements for the total company segmented by sales territories. 1.b. Prepare contribution format income statements for the Northeen Territory segmented by product line. Q Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare contribution format incerme statereents for the total company segmented by sales territories. Note: Round the percentage answers to one docimal plact (1) .1234 should be entered as 12.3 ). 1-a. Prepare contribution format income statements for the total company segmented by sales territories. 1.b. Prepare contribution format income statemems for the Northem Territory segmented by product line. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare contribution format income statements for the Northern Territory segmented by product line. Note: Round the percentage answers to one decimal place (1,e.1234 should be entered as 12.3). Vulcan Company's contribution format income statement for June is as folows: Manegenent wants to improve profits and gathered the following data: a. The company is divded into two sales teritories - Northern and Southem. The Northern Terntory recorded $400,000 in sales and $188,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southem Terntory Fixed expenses of $188,000 and $110,000 are traceable to the Northern and Southem Tentories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products - Paks and Thes. Sales of Paks and ribs totaled $200.000 and $200.000, respectively, in the Northern territory during June. Variable expenses are 30% of the selling price for Paks and 64% for Tibs. Cost records show $92,000 of the Northern Ferritory's ficed expenses are traceable to Paks and $50,000 to Tibs, wet the remainder common to the two products. Required: 1. Prepare contribution format income statements for the total company segmpnted by sales territories. 1.b. Prepare contribution format income statements for the Northen Terrilory segmented by product line