Exercise 7-4 Basic Segmented Income Statement [LO7-4] Royal Lawncare Company produces and sells two packaged productsWeedban and Greengrow. Revenue and cost information relating to the products follow:

	Product
	Weedban		Greengrow
Selling price per unit	$	10.00	$	32.00
Variable expenses per unit	$	2.70	$	12.00
Traceable fixed expenses per year	$	133,000	$	33,000
Common fixed expenses in the company total $102,000 annually. Last year the company produced and sold 43,500 units of Weedban and 23,500 units of Greengrow.

Required:

Prepare a contribution format income statement segmented by product lines.