Wykes Metal Working uses a special lathe to shape components. Data on the lathe and its usage follow: Sales revenue from lathe work totaled $18,500. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Complete this question by entering your answers in the tabs below. Prepare a traditional income statement. Sales revenue from lathe work totaled $18,500. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement. Complete this question by entering your answers in the tabs below. Prepare an activity-based income statement