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 $208,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $172,000 and $88,000 are traceable to the Northern and Southern Temritories, 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 $125,000 and $275,000. respectively, in the Northem territory during June Variable expenses are 30% of the seling price for Paks and 62% for Tibs. Cost. records show that $75,000 of the Northern Territory's fixed expenses are traceable to Paks and $60.500 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. t-b. Prepare contribution format segmented income statements for the Northem Terntory broken down by product line. Complete this question by entering your answers in the tabs below. Prepare contibution format segmented income statements for the totai company broken down botween salos territorief. (Round the percentage answers to one decimat plice (Le 1234 should be entered at 12.3).. equired: 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 Northern 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 line. (Round the percer answers to one decimal place (i.e.1234 should be entered as 12.3).)