Prepare contribution format segmented income statements, first showing the total company broken down between sales territories and then showing Central Territory broken down by product line. Show both Amount and Percentage columns for the company in total and for each segment.

Note: Round your percentage answers to $1$ decimal place.

$\backslash$table$[[,,,$Product Line$],[,$Central Territory,Kiks,Dows$],[,$Amount,$\%,$Amount,$\%,$Amount,$\%$Creaston Limited$$s most recent monthly contribution format income statement is given below:

CREASTON LIMITED

Income Statement

For the Month Ended May $31$

Sales $ $900,000100\mathrm{.}0\%$

Variable expenses $408,00045\mathrm{.}3$

Contribution margin $492,00054\mathrm{.}7$

Fixed expenses $465,00051\mathrm{.}7$

Operating income $ $27,0003\mathrm{.}0\%$

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:

The company is divided into two sales territories$$Central and Eastern. Central Territory recorded $$400,000$ in sales and $$208,000$ in variable expenses during May. The remaining sales and variable expenses were recorded in Eastern Territory. Fixed expenses of $$160,000$ and $$130,000$ are traceable to Central and Eastern Territories, respectively. The rest of the fixed expenses are common to the two territories.

The company is the exclusive distributor for two products$$Kiks and Dows. Sales of Kiks and Dows totalled $$100,000$ and $$300,000,$ respectively, in Central Territory during May. Variable expenses are $25\%$ of the selling price for Kiks and $61\%$ for Dows. Cost records show that $$60,000$ of Central Territory$$s fixed expenses are traceable to Kiks and $$54,000$ to Dows, with the remainder common to the two products.

Required:

Prepare contribution format segmented income statements, first showing the total company broken down between sales territories and then showing Central Territory broken down by product line. Show both Amount and Percentage columns for the company in total and for each segment.

Note: Round your percentage answers to $1$ decimal place.