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	$ 38.00
Variable expenses per unit	$ 2.40	$ 14.00
Traceable fixed expenses per year	$ 131,000	$ 40,000

Last year the company produced and sold 37,500 units of Weedban and 22,500 units of Greengrow. Its annual common fixed expenses are $98,000.

Required:

Prepare a contribution format income statement segmented by product lines.

	Product Line
	Total Company	Weedban	Greengrow
Sales
Variable expenses
Contribution margin
Traceable fixed expenses
Product line segment margin
Common fixed expenses not traceable to products
Net operating income