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 $400,000 in saies and $208,000 in varlable expenses during June; the remaining sales and variable expenses were recorded in the Southern Tertitory. Fixed expenses of $164,000 and $125,000 are traceable to the Northern and Southern Ierritories, respectively. The rest of the fixed expenses are common to the two territoties b. The company is the exclusive distributor for two products -Paks and Tibs. Sales of Paks and ribs totaled $150,000 and $250,000. respectively, in the Northern teiritory during June. Variable expenses are 22% of the selting price for Poks and 70% for Tibs. Cost records show that $67,500 of the Northern Territory's fixed expenses are traceable to Paks and $60,000 to Tibs, with the remainder common to the two products Required: 1a. Prepare contribution format segmented income statements for the total company broken down between sales territories. Required: 1.a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1-b. Prepare contribution format segmented incone statements for the Northern Territory 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 betwoen sales territorles. (Round the percentoge answers to one decimal place (0.e.1234 should be entered as 12.3)\} 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 Complete this question by entering your answers in the tabs below. Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentar answers to one decimal place (i.e .1234 should be entered as 12.3).)