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 Northem Temitory recorded $500.000 in sales and $200,000 in variable expenses during June, the remaining sales and yariable expenses were recorded in the Southem Ternitory. Fixed expenses of $245,000 and $88,000 are treceable to the Noithem and Southem Territories, respectively The rest of the fixed expenses are common to the two territonies b. The company is the exclusive distrbutor for two products - Poks and Tibs. Sales of Paks and Tibs totaled $250,000 and $250,000. respectively, in the Northem teritory during June Variable expenses are 214 of the selling arice for Paks and 59 : for Tios. Cost records show that $102,500 of the Northern Territory's fixed expenses are traceable to Paks and $52.500 to Tilas, with the remainder common to the two products. Required: 14 Prepgre contribition format segmented income statements for the total companv bioken dawn between sales temritocies 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 Northem 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 between sales teraitoties, (Round the percentage answers to one decimal place ( (40.1234 shoutd be entered as 12.3).) a. Prepare contribution format segmented income statements for the total company broken down between sales territories. -b. Prepare contribution format segmented income statements for the Northem 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 fine: (Round the percentage answers to one decimal place (ie 1234 should be ontered as 12.3 )