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Income Statements Segmented by Territory Script, Inc., has two product lines. The September income statements of each product line and the company are as follows SCRIPT, INC. Product Line and Company Income Statements For Month of September Pens Pencils Total Sales Less variable expenses Contribution margin $25,000 $30,000 $55,000 (10,000) 12,000 (22,000) 15,000 18,000 33,000 Less direct fixed expenses (10,000) (9,000) (19,000) $5,000 $9,000 $14,000 (6,000) $8,000 Product margin Less common fixed expenses Net income Pens and pencils are sold in two territories, Florida and Alabama, as follows: Florida Alabama Pen sales $ 16,000 $9,000 Pencil sales 8,000 22,000 Total sales $24,000 $31,000 The preceding common fixed expenses are traceable to each territory as follows Florida fixed expenses Alabama fixed expenses Home office administration fixed expenses Total common fixed expenses $2,000 3,000 1,000 $6,000 The direct fixed expenses of pens, $10,000, and of pencils, $9,000, cannot be identified with either territory. The company's accountants were unable to allocate any of the commorn fixed expenses to the various segments. Prepare income statements segmented by territory for September, including a column for the entire firm. Do not use negative signs with your answers