ndia Spices Foods $($ISF$)$ prepares and sells frozen curry dinners. The company reported the following operating results for $2024,$ in which there were no inventories of dinners at the beginning and end of the year: INDIA SPICES FOODSIncome StatementFor the Year Ended December $31,2024$Sales$$1,760,000$Cost of goods sold $1,016,000$Gross margin $744,000$Selling and administrative expenses $474,000$Operating income$$270,000$ ISF sells two types of curry foodschicken and lamband operates in Ontario and western Canada. Information on sales and costs is as follows: ChickenLambTotalRegional sales percentage of national sales: Ontario $40\%25\%65\%$Western Canada $26935$ Total $66\%34\%100\%$Costs as percentage of regional sales: Variable production costs $47\%47\%$ Variable selling expenses $15\%15\%$ Fixed costs by product: Traceable fixed expenses$$80,000$ $$80,000$ $$160,000$ Common fixed costsRemainder of total costs The following information is for lamb products only: OntarioWestern CanadaTotalCosts as percentage of regional lamb sales: Variable production costs $52\%33\mathrm{.}11\%$ Variable selling expenses $14\%18\%$ Fixed costs by region: Traceable fixed expenses$$32,000$ $$48,000$ $$80,000$ Required:$1.$ Prepare, in good form, an income statement segmented by product line, showing the corresponding company totals. Use Exhibit $123$ as a guide. $($Round "Percentage" answers to $2$ decimal places, $($i$.$e$.,0\mathrm{.}1234$ should be considered as $12\mathrm{.}34\%).$ Round your answers to nearest dollar amount.$)2.$ Prepare, in good form, a segmented performance report for lamb curry dinners by region. $($Round "Percentage" answers to $2$ decimal places, $($i$.$e$.,0\mathrm{.}1234$ should be considered as $12\mathrm{.}34\%).$ Round your answers to nearest dollar amount.$)3.$ This part of the question is not part of your Connect assignment.