Wykes Metal Working uses a special lathe to shape components. Data on the lathe and its usage follow:

Cost Driver Rate Cost Driver Volume

Resources used

Energy $ $3\mathrm{.}00$ per machine$-$hour $2,250$ machine$-$hours

Repairs $ $6\mathrm{.}00$ per job $830$ jobs

Resources supplied

Energy $ $8,050$

Repairs $ $6,900$

Sales revenue from lathe work totaled $$19,100.$

Required:

Prepare a traditional income statement.

Prepare an activity$-$based income statement.