Exercise 7-4 Basic Segmented Income Statement (LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 12.00 $31.00 $ 2.60 $ 14.00 $ 136,000 $ 46,000 Common fixed expenses in the company total $99,000 annually. Last year the company produced and sold 43,000 units of Weedban and 22,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Exercise 7-4 Basic Segmented Income Statement (LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 12.00 $31.00 $ 2.60 $ 14.00 $ 136,000 $ 46,000 Common fixed expenses in the company total $99,000 annually. Last year the company produced and sold 43,000 units of Weedban and 22,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow