Problem 7-21 Segment Reporting and Decision-Making [LO7-4 Vulcan Company's contribution format income statement for June is as follows Vulcan Company Income Statement For the Nonth Ended June 30 Sales Variable expenses Contributon margirn Fixed expenses 9400,000 464,900 500,000 75,900 25,000 Net opersting incame Management is disappointed with the company's performance and is wondering what ean 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 Noithen Territory recorded $400,000 in sales and $160,000 in variable expenses during June, the remaining sales and variable expenses were recorded in the Southern Teritory Fixed expenses of $176,000 and $140,000 are traceable to the Northern and Southen fenitories 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 $140,000 and $260,000, respectivelyin the Northern territory dunng June Vanable expenses are 27% of the selling pree for Paks and 47% for Tits Cost records show that $67,200 of the Northern Territory's fixed expenses are traceable to Paks and $57200 to Tibs with the remainder common to the two products Required 1-a Prepare contribution format segmented income statements for the total company breken down between sales teritories 1b Prepare contribution format segmented income statements for the Northen Ternitory broken down by product line Complete this question by entering your answers in the tabs belov Req 1A Req 18 Prepare contribution format segmented income statements for the total company brok en down between sales territories. (Round your percentage answers to 1 decimal place (i.e.0.1234 should be entered as 12.a)) Required: 1-a Prepare contribution format segmented income statements for the total company broken down between sales territories tb 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. Req 1A Reg 16 Prepare contribution format segmented income statements for the total company broken down between sales territories. (Round your percentage answers to 1 decimal place (i.e. 0.1234 should be entered as 12.3).) Sales Territory Total Company Northern Southern Amount Amount Req 18 Required -a Prepare contribution format segmented income statements for the total company broken down between salesterritories -b. Prepare contribution format segmented income st atements for the Northern Territory broken down by product line Complete this question by entering your answers in the tabs below. Req 1A Req 18 contribution format segmented income statements for the Northern Ternitory broken down by product line. (Round your percentage answers to 1 decimal place G.e. 0.1234 should be entered as 12.3).) Product Line Northern Territory Paks Tibs Amount Amount Amount