Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales $ 900,000 Variable expenses 488,000 Contribution margin 492,000 Fixed expenses 465,000 Net operating income $ 27,000 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 $168,000 in variable expenses during June: the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $212.000 and $130,000 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 Poks and Tibs totaled $200,000 and $200,000 respectively, in the Northern territory during June Variable expenses are 25% of the selling price for Poks and 59% for Tibs Cost records show that $90,000 of the Northern Territory's fixed expenses are traceable to Poks and $40.000 to Tbs, with the remainder common to the two products Required: 1-0. 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. Reg 1A Reg 1B Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Sales Variable expenses Contribution margin Traceable fixed expenses Territorial segment margin Common foxed expenses Net operating income Total Company Northern Amount 96 Amount $ 900.000 100.00 $ 400,000 408.000 0.0 168,000 492,000 100.0 232,000 342.000 100.0 212,000 150,000 0.01$ 20,000 123,000 0.0 $ 27,000 0.0 Sales Territory Southern 96 Amount 100.00 $ 500,000 41.2 240,000 58.8 260,000 61.9 130,000 (3.1) $ 130,000 100.0 588 41.2 38.1 3.1 Reg 10 >