1 Exercise 7-4 (Algo) Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: 10 points eBook Hint References Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban % 11.00 Greengrow $38.00 % 3.20 $ 138,000 $ 10.00 % 46,000 Last year the company produced and sold 42,500 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. Product Line Total Company Weedban Greengrow 0 0 0 0 $ 0 $ 0 $ 0