Vulcan Company's contribution format income statement for June is as follows Valea Company Tacone Statement To the Month Ended June 10 Sales 3800,000 Variable expence 300.000 Contribution margin 500.000 expenses 450.000 Het operating in $50,000 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 territories-Northern and Southern The Northern Terrhory recorded $300,000 in sales and $150,000 in variable expenses during June, the remaining sales and variable expenses were recorded in the Southern Territory Foed expenses of $123.000 and $100.000 are traceable to the Northern and Southern Territories, respectively. The rest of the fived b. The company is the exclusive distributor for two products-Poks and Tibs. Soles of Poks and Tios totaled $105.000 and $195,000 respectively, in the Northern Territory during June. Variable expenses are 20% of the selling price for Paks and 64% for Tibs Cost records show that $52,500 of the Northern Territory's fed expenses are traceable 10 Paks and $40,950 to Tios, with the remainder common to the two products Required: 1. Prepare contribution format segmented income statements for the total company broken down between sales teritones 4-6. 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. W A OA 3 4 5 7 8 9 E R T Y P