Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, 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: Product Production(# of cases) Sales (of cases) Sales Value at Separable Splitoff Costs Point Final Selling Price Catsup 100,000 80,000 120,000 Juice 150,000 $6 per $3.00 per Catsup Premium case case $23 per case $8 per $5.00 per Juice Premium case case $25 per case $5 per $2.50 per Canned Premium case case $7.5 per case Canned 200,000 150,000 150,000 Required: a. Determine the amount 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 Premium Juice Premium Canned Premium Revenues Cost of goods sold Joint costs Separable costs Production costs Deduct ending inventory Cost of goods sold Gross margin Gross margin percentage