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 $ 12.00 $ 2.70 $ 135,000 Greengrow $ 34.00 $13.00 $ 41,000 Last year the company produced and sold 39,500 units of Weedban and 15,000 units of Greengrow. Its annual common fixed expenses are $96,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Sales Vanable expenses $ 984,000 $ 474,000 $ 510,000 301,650 106,650 195,000 Contribution margin 682,350 367,350 315,000 Traceable fixed expenses Product line segment margin 682,350 $ 367,350 $ 315,000 Common fixed expenses not traceable to products Net operating income $ 682,350