Management is disappointed with the companys performance and is wondering what can be done to impoove profits by esarmirnpe sales and cost fecords, you hive determened the following a. The company is divided into two sales territories - Northern and Southem. The Northem Termory recocded $400.000 in saies and $248,000 in variable expenses during June: the remaining sales and variable expenses were recorded in the Soudrem lernhory Fixed expenses of $140.000 and $84,000 are traceable to the Northem and Southem Temthories, respectively. The iest of the fibed b. The company is the exclusive distributor for two products - Paks and Tiss. Sales of Paks and Tibs totaled 5110,000 and 5290,000 expenses are common to the two territories. respectively, in the Northern territory during June. Variable expenses are 33% of the selling pice for Paks and 73% for Tibs Colt. records show that $68.200 of the Northern Temitory's fixed expenses are traceable to Paks and $60,90010 Tos, with the remainder common to the two products 1-a. Prepare contribution format segmented income statements for the totak company broken down between sales temitaties. Required: 1.6. Prepare contubution format segmented income statements for the Northem lentary broken down by product ine