Thatcher Supply manufactures and sells two types of pet doors-Standard and Hi-Tech. The Standard model is a basic opening installed in a door. The Hi-Tech model is automated and includes several safety features using electronics. The Hi-Tech model requires shorter production runs and more frequent inspection to ensure quality standards are met. In August, Thatcher Supply had the following financial results: Other selected information for units produced in August follow: Thatcher Supply currently uses direct labor-hours to allocate all overhead to the two models but is considering implementing an activity-based costing system. After interviewing the sales and production staff, the financial staff suggests they allocate administrative costs on the basis of revenue. They would use the following cost drivers to allocate the remaining three pools of overhead costs: Required: a. Complete the product-line income statement using the current system using direct labor-hours to allocate overhead costs. b. Complete the product-line income statement using the proposed ABC system to allocate overhead costs. Complete the product-line income statement using the proposed ABC system to allocate overhead costs. Note: Do not round intermediate calculations. Input all amounts as positive values. Complete the product-line income statement using the current system using direct labor-hours to allocate overhead costs. Note: Do not round intermediate calculations. Input all amounts as positive values