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 $ 9.00 $ 2.50 $ 38.00 $ 14.00 Traceable fixed expenses per year $ 137,000 $ 34,000 Last year the company produced and sold 38,000 units of Weedban and 20,000 units of Greengrow. Its annual common fixed expenses are $96,000. Required: Prepare a contribution format income statement segmented by product lines. Sales Variable expenses Product Line Total Company Weedban Greengrow $ 727,000 $ 137,000 $ 34,000 137,000 34,000 727,000 0 0 727,000 $ 0 $ 0 Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating income $ 727,000