Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales $ 800,000 Variable expenses 3eeeee Contribution margin see, eee Fixed expenses 475, eee Net operating income $ 25,000 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 $220,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $156,000 and $100.000 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 productsPaks and Tibs. Sales of Paks and Tibs totaled $100.000 and $300.000, respectively, in the Northern territory during June. Variable expenses are 25% of the selling price for Paks and 65% for Tibs. Cost records show that $45,000 of the Northern Territory's fixed expenses are traceable to Paks and $75,000 to Tibs, with the remainder common to the two products. 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. Reg 1A Reg 1B Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (i.e.1234 should be entered as 12.3).) $220,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory Fixed expenses of $156,000 and $100,000 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 Paks and Tibs totaled $100.000 and $300,000, respectively, in the Northern territory during June. Variable expenses are 25% of the selling price for Paks and 65% for Tibs. Cost records show that $45,000 of the Northern Territory's fixed expenses are traceable to Paks and $75,000 to Tibs, with the remainder common to the two products, 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. Reg 1A Reg 1B Prepare contribution format segmented Income statements for the total company broken down between sales territories. (Round the percentage answers to one decimal place (1.e.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 Amount % $ 800.000 300,000 500,000 256,000 244,000 219.000 S 25,000 Northern Amount $ 400,000 220,000 0.0 180,000 156,000 0.0 24.000 Sales Territory Southern Amount $ 400,000 80,000 0.0 320,000 100,000 0.0 S 220,000 0.0 0.0 0.0 ROGA Reg 1B > records show that $45,000 of the Northern Territory's fixed expenses are traceable to Paks and $75,000 to Tibs, with the remainder common to the two products. 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. Reg 1A Req 18 Prepare contribution format segmented Income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place (1.e.1234 should be entered as 12.3).) Paks % Northern Territory Amount % $ 400,000 220,000 180,000 120,000 60,000 36,000 $ 24,000 Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses Sales territory segment margin Amount $ 100,000 25,000 75,000 45,000 S 30,000 Product Line Tibs % Amount $ 300,000 195,000 0.0 105,000 75,000 0.0 s 30,000 0.0 0.0 0.0 0.0 0.0