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 Northern Territory recorded $400,000 in sales and $228,000 in variable expenses durng June, the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $168.000 and $130,000 are traceable to the Northern and Southern Terrtorles, respectively. The rest of the fixed expenses are common to the two terntorles. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $140.090 and $260.000 respectively. in the Northern territory during June. Variable expenses are 31% of the selling price for Paks and 71% for Tibs Cost records show that $64,400 of the Northern Territory's fixed expenses are traceable to Paks and $52.000 to Tibs, with yie remaipder common to the two products Required: 1-a. Prepare contribution format segmented income statements for the total company broken down between sales terntonis 1.b Prepare contribution format segmented income statements for the Northern Ternitory broken down by product ine Complete this question by entering your answers in the tabs below. percertage antwers to one decimal place (0,6,1234 should be enterge as 12.3)