Exercise 6-4 (Algo) Basic Segmented Income Statement (L06-4] Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Product Weedban Greengrow $ 9.00 $ 34.00 $ 3.10 $ 11.00 $ 136,000 $ 34,000 Last year the company produced and sold 43,500 units of Weedban and 19,500 units of Greengrow. Its annual common fixed expenses are $113,000. Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow Sales $ 4,017,500 $ 175,500 $ 3,842,000 Variable expenses 1,303,450 60,450 1,243,000 Contribution margin 2,714,050 115,050 2,599,000 Traceable fixed expenses 170,000 136,000 34,000 Product line segment margin 2,544,050 $ (20,950) $ 2,565,000 Common fixed expenses not traceable to products 43,500 Net operating income $ 2,500,550 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted