Below is the most recent traditional income statement of Systematic Production Co.: During this most recent year, the company had zero beginning raw materials, Work-in-progress and finished goods inventory, produced 1,500 units and now have 500 units in ending finished goods inventory. The total manufacturing costs (DM used +DL+MOH ) =$330,000, and the cost of goods manufactured (1,500 units) =$330,000. The company also have no work-in-progress ending inventory. In the above shown income statement, $120,000 which relate to the depreciation of the administrative building and equipment were added to manufacturing costs. The management claimed that the administrative building is very near to the factory location. Required: 1. As a managerial accounting student that studied the product and period cost classification, do you think the presented income statement shows the actual performance of the company? And Why? 2. Using the additional information provided, produce another traditional income statement