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3. Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2016, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer Production and sales information for the summer is as follows: Production SalesSales Value at Product Splitoff Point Separable Costs Final Selling Price 80 56 per c $3.00 per case 5.00 per $23 per case 200,00020000 150 5 per case2.50 per Required: a Determine the anount allocated to each product if the estimated net realizable value method is used b. Compute the cost per case for each product. c. Complete the following product-line partial income statement for each product Product-line Income Statement by using NRV method Catsup Juice canned 810 2 Cost of goods sold Joint costs Separable costs Productio costs Deduct ending inventory Cost of goods sold Gross margin 10:22. I 8-2. margin percentage uce 209,0002