Vulcan Company's contribution format Income statement for June is as follows: Management wants to improve profits and gathered the following data: a. The company is divided into two sales territorles-Northern and Southern. The Northern Territory recorded $400,000 in sales and $168,000 in varlable expenses during June; the remaining sales and varlable expenses were recorded In the Southern Territory. Fixed expenses of $204,000 and $120,000 are traceable to the Northern and Southern Territorles, respectively. The rest of the fixed expenses are common to the two territorles. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tlbs totaled $210,000 and $190,000, respectlvely, In the Northem territory during June. Varlable expenses are 23% of the selling price for Paks and 63% for TIbs. Cost records show $90,300 of the Northern Territory's fixed expenses are traceable to Paks and $34,200 to Tlbs, with the remainder common to the two products. Requlred: 1-a. Prepare contribution format income statements for the total company segmented by sales territories. 1-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. Prepare contribution format income statements for the total company segmented by sales territories. Note: Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3 )