Using machine-hours to allocate overhead, complete the income statement for the Lake Plant. Do not allocate administrative costs to products. Note: Do not round your intermediate calculations. Input all amounts as positive values. Complete the income statement using the activity-based costing method suggested by the employee team. Note: Do not round your intermediate calculations. Input all amounts as positive values. Complete this question by entering your answers in the tabs below. Compute the cost driver rates. Note: Round \"Material handling\", \"Machining\", and \"Shipping\" answers to two decimal places. Commonwealth Devices makes three wearable fitness devices at its Lake Plant: CFit-1, CFit-2, and CFit-Xtra. The company has for many years allocated overhead to products using machine-hours. Last year, the Lake Plant produced and shipped 8,320 units of CFit-1 14,960 units of CFit-2, and 8,320 units of CFit-Xtra. The plant recorded the following revenues and costs: The Lake Plant has put together an employee team to recommend a possible activity-based cost system, including cost allocation bases. The employee team recommends the following