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 teritories - Northern 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 Southem Territory. Fixed expenses of $204,000 and $120,000 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 producti-Paks and Tibs. Soles of Paks and Tibs totaled $210,000 and $190,000. respectively, in the Northern territory during June. Variable expenses are 23% of the selling price for Paks and 63% for 7195 . Cost records show that $90,300 or the Northern Temtory's fixed expenses are troceable to Paks and $34,200 to Tibs, with the remainder common to the two products: Required: t.a. Prepare contribution format segmented income statements for the total company broken down between sales territories. 1. Prepare contribution format segmented income statements for the Northern Territory broken down by product line