Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:

Product

Weedban

Greengrow

Selling price per unit

$

10.00

$

32.00

Variable expenses per unit

$

3.00

$

14.00

Traceable fixed expenses per year

$

135,000

$

49,000

Common fixed expenses in the company total $108,000 annually. Last year the company produced and sold 41,500 units of Weedban and 21,500 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.