Vulcan Company's contribution format income statement for June is as follows: 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 territories-Northern and Southern. The Northern Territory recorded $300,000 in sales and expenses are common to the two territories. respectively, in the Northem territory during June. Variable exs and Tibs, Sales of Paks and Tibs totaled $105,000 and $195,000, records show that $52,500 of the Northern Territory's fixed expenses are 24% of the selling price for Paks and 64% for Tibs. Cost common to the two products. Required: -b. Prepare contribution format segmented income statements for the total companv respectively, in the Northern territory during June. Variable expenses are 24% of the selling price for Paks and records show that $52,500 of the Northern Territory's fixed expenses are traceable to Paks and $40,950 to Tib common to the two products. equired: a. Prepare contribution format segmented income statements for the total company broken down between sales b. Prepare contribution format segmented income statements for the Northern Territory broken down by product Complete this question by entering your answers in the tabs below. Prepare contribution format segmented income statements for the total company broken down between sales territories. percentage answers to one decimal place (i.e .1234 should be entered as 12.3).) respectively, in the Northern territy aurng Territory's fixed expenses are traceable to Paks and $40,950 to Tib records show that $52,500 of common to the two products. equired: a. Prepare contribution format segmented income statements for the total company broken down between sales b. Prepare contribution format segmented income statements for the Northern Territory broken down by product Complete this question by entering your answers in the tabs below. Prepure contribution format segmented income statements for the Northern Territory broken down by product line. (Rour answers to one decimal place (i.e. 1234 should be entered as 12.3).)