4. Income statement, regional territories. Tamiya Company's most recent income statement is shown below. The company's president is disappointed with the company's performance and is strategizing on what to do to improve profit. Tamiya Corporation Income Statement For the month ended, June 30, 2012 Total NCR Southern Luzon Sales P1,200,000 P700,000 P500,000 Less: Cost of goods sold 480,000 300,000 180,000 Gross profit 720,000 400,000 320,000 Less: Fixed costs 400.000 250.000 150.000 Net income P 320.000 P150.000 P 170,000 The sales and costs records of the company disclose the following: 1. The companies is divided into two sales territories, NCR and Southern Luzon. The NCR Region record P700,000 in sales and P300,000 in variables costs during July; the remaining sales and variable costs were recorded in the Southern Luzon Region. Fixed costs of P200,000 and P120,000 are traceable to the NCR and Southern Luzon Regions, respectively. The balance of the fixed costs are common to the two regions. 2. Prepare company sells two products, Big and Small. Sales of products Big and Small totaled P300.000 and P400,000, respectively, in the NCR Region during June. Variable costs are 40% of the selling price of Big and 45% for Small. Costs records