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Management wants to improve profits and gathered the following data: a. The company is divided into two sales territoriesNorthern and Southern. The Northern Territory recorded $400,000 in sales and $180,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $200,000 and $115,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two productsPaks and Tibs. Sales of Paks and Tibs totaled $170,000 and $230,000, respectively, in the Northern territory during June. Variable expenses are 22% of the selling price for Paks and 62% for Tibs. Cost records show $71,400 of the Northern Territory's fixed expenses are traceable to Paks and $50,600 to Tibs, with the remainder common to the two products. Required: I-a. Prepare contribution format income statements for the total company segmented by sales territories. I-b. Prepare contribution format income statements for the Northern Territory segmented by product line. Complete this question by entering your answers in the tabs below. Req IA Req 1B Prepare contribution format income statements for the Northern Territory segmented by product line. Note: Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3). Product Line Northern Territory Amount Req IA Paks Amount Tibs Amount