and an income statement for pline using 1. (20 Points) Prepare an income statement for small and an income state rate of 4007 the traditional accounting system where overhead is applica direct labor costs. The income statements should be prepared on ine template for guidance: average net operating income per unit using the follo ents should be prepared on a total basis and then show the smatt pline $$$ SSS SSS SSS SSS Sss SSS Sales Direct materials Direct labor Manufacturing overhead Total Costs Net operating income Average net operating income per unit SSS SSS $$$ SSS SSS 2. (20 Points) Calculate the five activity rates (predetermined overhead rates) under activity based costing 3. (35 Points) Prepare an income statement for smatt and an income statement for pline using activity based costing. The income statements should be prepared on a total basis and then show the average net operating income per unit using the following template for guidance: smatt SSS SSS $S$ SSS pline $S$ SSS $$$ SSS SSS Sales Direct materials Direct labor Equipment Setups Purchase orders Machining Testing Packaging Total Costs Net operating income Average net operating income per unit SSS