Exercise 7-4 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: Product Weedban Greengrow Selling price per unit $ 35.00 Variable expenses per unit 3.10 Traceable fixed expenses per year $ 132,000 $ 44,000 $ $ 10.00 $ 12.00 Common fixed expenses in the company total $114,000 annually. Last year the company produced and sold 40,000 units of Weedban and 15,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines