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 Tecritory 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 $15,000 are traceable to the Northem and Southem 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 $170,000 and $230,000. respectively. in the Northem teritory during June. Variable expenses are 22% of the selling price for Paks and 62% for Tibs. Cost records show that $71,400 of the Northern Tertitory's fixed expenses are traceable to Paks and $50,600 to nibs, with the remainder common to the two products Required: 17. Prepare contribution format segmented income statements for the total company broken down between sales territories 1ib. Prepare contribution format segmented income statements for the Northem Temitory broken down by product line. 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 territor percentage answers to one decimal place (.i.e.n234 should be entered as 12.3).) Prepare contribution format segmented income statements for the Northem Territory broken down by product line. (Round the answers to one dedimal place (i.e. 1234 should be entered as 12.3). )