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Problem 3 (Basic Segmented Income Statement) SCG, Inc., produces and sells recordable CD and DVD packs. Revenue and cost information relating to the products follow: Product CD DVD Selling price per pack P8.00 P25.00 Variable expenses per pack P3.20 P17.50 Traceable fixed expenses per year P138,000 P45,000 Common fixed expenses in the company total P105,090 annually. Last year the company produced and sold 37,500 CD packs and 18,000 DVD packs. Required: Prepare a contribution format income statement for the year segmented by product lines