Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit Variable expenses per unit Traceable fixed expenses per year $ 9.00 $ 36.00 $ 2.50 $ 129,000 $ 10.00 $ 35,000 Last year the company produced and sold 44,500 units of Weedban and 20,000 units of Greengrow. Its annual common fixed expenses are $97,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Product Line Total Company Weedban Greengrow $ 1,120,500 $ 400,500 $ 720,000 311,250 111,250 200,000 809,250 289,250 520,000 809,250 $ 289,250 $ 520,000 Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income $ 809,250