EZSeat, Inc, manufactures two types of reclining chairs, Standard and Ergo. Ergo provides support for the body through a complex set of sensors and requires great care in manufacturing to avoid damage to the materlal and frame. Standard is a conventional rectiner. uses standard materlals, and is simpler to manufacture. EZ Seat's results for the last fiscal year are shown in the following statement. EZ. Seat currently uses labor costs to allocate all overhead, but management is considering implementing an activity-based costing system. After intervlewing the sales and production staff, management decides to allocate administrative costs on the basis of direct labor costs but to use the following bases to allocate the remaining costs. Required: o. Complete the income statement using the preceding activily bases. c. Restate the income statement for EZ. Seat using direct labor costs as the only overhead allocation base