Robert Inc. manufactures slabs of granite for making countertops. As a byproduct, there are broken pieces of granite, which they grind into gravel and sell separately. The following information is available:

Slabs Gravel

Sales 10,000 tons 1,000 tons

Sales price per ton $800 $20

After split-off cost per ton $50 $3

Joint cost ----------$2,000,000----------

Required: Prepare an income statement for the two products using the net realizable value method.