EXERCISE 7-4 Basic Segmented Income Statement L07-4 Royal Lawncare Company produces and sells two packaged products-Weedben and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit . .... $6.00 $7.50 Variable expenses per unit . . ... $2.40 $5.25 Traceable fixed expenses per year . ...... $45,000 $21,000 Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Its annual common fixed expenses are $33,000. Required: Prepare a contribution format income statement segmented by product lines