Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow: Cost Driver Rate Cost Driver Volume Resources used Energy Repairs Resources supplied Energy Repairs $ $ 0.7 per machine-hour 15 per job 7,000 machine-hours 700 jobs $ 7,400 $12,500 Sales revenue from finishing totaled $35,000 Required: a. Prepare a traditional income statement. Traditional Income Statement Finishing sales Energy costs Repair costs Operating profit b. Prepare an activity-based income statement. Activity-Based Income Statement Unused Resources Resources Resource Used Capacity Supplied Finishing sales Costs Volume related - Energy Batch related - Repairs Total costs Finishing operating profits