PART 1B, I NEED HELP WITH THE TWO THAT ARE INCORRECT.

Vulcan Company's contribution format income statement for June is as follows: 10 points Vulcan Company Income Statement For the Month Ended June 30 Sales $ 800,000 Variable expenses 300,000 Contribution margin 500,000 Fixed expenses 470,000 Net operating income $ 30,000 Management is disappointed with the company's performance and is wondering what can be done to improve profits. By examining sales and cost records, you have determined the following: a. The company is divided into two sales territoriesNorthern and Southern. The Northern Territory recorded $400,000 in sales and $216,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $152,000 and $96,000 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 products-Paks and Tibs. Sales of Paks and Tibs totaled $100,000 and $300,000, respectively, in the Northern territory during June. Variable expenses are 15% of the selling price for Paks and 67% for Tibs. Cost records show that $51,000 of the Northern Territory's fixed expenses are traceable to Paks and $72,000 to Tibs, with the remainder common to the two products. Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e.1234 should be entered as 12.3).) Sales Territory Southern % 100.0 21.0 Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common fixed expenses Net operating income 0000000 Total Company Northern Amount % Amount $ 800,000 100.0 $ 400,000 300,000 37.5 216,000 500,000 62.5 184,000 248,000 31.0 152,000 252,000 31.5 $ 32,000 222,000 27.8 $ 30,000 3.7 % Amount 100.0 $ 400,000 54.0 84,000 46.0 316,000 38.0 96,000 8.0 $ 220,000 79.0 24.0 55.0 Reg 1A Reg 1B Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place (i.e.1234 should be entered as 12.3).) Product Line Tibs % Amount % Sales 100.0 67.0 Variable expenses Contribution margin Northern Territory Paks Amount % Amount $ 400,000 100.0 $ 100,000 216,000 54.0 15,000 184,000 46.0 85,000 123,000 31.0 X 51,000 61,000 15.0 $ 34,000 29,000 7.0 $ 32,000 8.0 100.0 $ 300,000 15.0 201,000 85.0 99,000 51.0 72,000 34.0 $ 27,000 33.0 24.0 9.0 Traceable fixed expenses Product line segment margin Common fixed expenses Sales territory segment margin