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). Monagement 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 terripories - Northern ond Southern. The Northern Territory recorded $400,000 in sales and $168,000 in variable expenses during June, the remoining soles ond variable expenses were recorded in the Southern 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 products-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 ond 63% for Tibs. Cost records show that $90,300 of the Northern Territory's foxed expenses are traceable to Paks and $34,200 to Tibs, with the remainder common to the two products. Required: 1.0. Prepare contribution format segmented income statements for the total company broken down between sales territories 1-b. Prepore contribution format segmented income statements for the Northern Territory broken down by product line Prepare contribution format segmented income statements for the Northern Territory broken down by product line. (Round the percentage answers to one decimal place (i.e .1234 should be entered as 12.3 ). )