Kindly Give detailed answer for the Part 2 (a,b,c) as well.

2. Territorial income statement: managerial decision-making costs. The Fowler Company man- ufactures textile equipment Sales are made by company salespersons directly to textile manufac turers in three sales territories. The following information concerning territories was obtained from the standard sales and ITEM TERRITORY 1 TERRITORY 2 TERRITORY 3 TOTAL Net sales...... $120,000 $100,000 $180,000 $400,000 Sales salaries 6,000 5,000 9,000 20,000 Sales travel expense. 3,650 2,350 5,000 11,000 Warehouse expense. 1,200 1,000 3,300 5,500 Delivery... 2,000 3,000 6,000 11,000 Supplies.. 1,000 800 1,600 3,400 Other standard marketing expenses and methods used to allocate both standard and actual expenses to territories are as follows: advertising, 5% of net sales; credit and collection, 2% of net sales; sales office, $15,000, distributed equally, general sales salaries, $16,000, distributed on basis of net sales; sales commissions paid to salespersons, 8% of net sales. The cost of manufacturing the equipment sold is 60% of net sales. Required: (1) A standard income statement comparing the standard net sales, manufacturing cost, mar- keting expenses, and operating income or loss for the three territories. (2) How the figures developed in (1) aid management in determining: (a) Whether a territory should be dropped or whether attempts should be made to develop further such territory by increased advertising, service, etc.. (b) The responsibility for incurrence of marketing costs. (c) Whether salespersons should discontinue calling on a certain class of customer. Income statement hy customer olan