Mirror Industries Manufactures Electric Trolling Motors Required:
A

Essay

Mirror Industries manufactures electric trolling motors.Sales for the month totaled $1,700,000.Information regarding resources for the month follows:
$$\begin{array} { | l | r | r | } \hline & \begin{array} { r } \text { Resources } \\\text { Used }\end{array} & \begin{array} { r } \text { Resources } \\\text { Suppled }\end{array} \\\hline \text { Administrative } & \$ 100,000 & \$ 140,000 \\\hline \text { Customer service } & 20,000 & 40,000 \\\hline \text { Depreciation } & 120,000 & 200,000 \\\hline \text { Energy } & 100,000 & 100,000 \\\hline \text { Engineering } & 50,000 & 52,000 \\\hline \text { Long-term labor } & 50,000 & 70,000 \\\hline \text { Marketing } & 140,000 & 150,000 \\\hline \text { Materials } & 300,000 & 300,000 \\\hline \text { Parts management } & 60,000 & 70,000 \\\hline \text { Quality inspections } & 90,000 & 100,000 \\\hline \text { Setups } & 140,000 & 200,000 \\\hline \text { Temporary labor } & 40,000 & 48,000 \\\hline\end{array}$$
Required:
a.Prepare a traditional income statement.b.Prepare an activity-based income statement.