Exercise 7-4 (Algo) Basic Segmented Income Statement [L07-4) Royal Lawncare Company produces and sells two packaged products -- Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $12.00 $ 37.00 Variable expenses per unit $ 2.80 $ 12.00 Traceable fixed expenses per year $ 132,000 $ 40,000 Last year the company produced and sold 37,500 units of Weedban and 24,000 units of Greengrow. Its annual common fixed expenses are $103,000, Required: Prepare a contribution format income statement segmented by product lines. Product Line Total Company Weedban Greengrow 0 0 0 Sales Variable expenses Contribution margin Traceable fixed expenses Product line segment margin Common fixed expenses not traceable to products Net operating Income 0 $ OS 0 0