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In: AccountingRoyal Lawncare Company produces and sells two packagedproducts—Weedban and Greengrow. Revenue and cost informationrelating...Royal Lawncare Company produces and sells two packagedproducts—Weedban and Greengrow. Revenue and cost informationrelating to the products follow:ProductWeedbanGreengrowSelling price per unit$10.00$32.00Variable expenses per unit$2.30$13.00Traceable fixed expenses per year$130,000$48,000Common fixed expenses in the company total $113,000 annually.Last year the company produced and sold 39,000 units of Weedban and22,000 units of Greengrow.Required:Prepare a contribution format income statement segmented byproduct lines.Product Line Total Company Weedban GreengrowSales $1,094,000 $390,000 $704,000Variable expenses 375,70089 ________________ 286000Traceable fixed income _____________ ____________________________Contribution margin 718,300 300, 300 418,000Traceable fixed expenses _______________________________________ ______________7Product line segment margin7 718,300 $300,300 $418,000Common fixed expenses not traceable to products__________________ ____________________ ______________Net operating income $718,300 _______________________________________