Tesla Inc. produces electric vehicles and energy products. For the year ended December 31, 2023, the company reported the following financial information:

• Total revenue: $100 billion
• Cost of goods sold (COGS): $70 billion
• Selling, general, and administrative expenses: $20 billion
• Research and development expenses: $10 billion
• Total overhead costs: $5 billion Allocate the total overhead costs to each product line (vehicles and energy products) based on their respective contribution margins and prepare an income statement showing the net income for each product line.