Prepare income statement using traditional methor for the year ended

Table 1: Overhead (Resource) Costs for Maple Hill Dairy Farm ACCOUNTS SUB ACCOUNTS ACTUAL COSTS Bottling Equipment $1,528,620 Other Facilities Costs Utilities 72,395 Depreciation 22,976 Property Tax 10,014 Total Other Facilities Cost $105,385 Other Processing Costs Labor and materials 428,800 Supplies 4,278 Equipment repairs and maintenance 21,565 Depreciation 13,688 Total Other Processing Cost 468,331 General and Administrative Administration 105,522 Interest Expense 23,471 Total General and Administrative 128.993 Total 2,231,329The products produced by Maple Hill and current prices received by Maple Hill are as follows: Whole Milk, $1.90 per quart Low-Fat Milk, $1.90 Skim Milk, $1.90 Chocolate Milk, $1.90 Eggnog, $2.25 Bottles are produced in one size - quarts. Selected data for the most recent year are as follows: Whole Milk Low-Fat Milk Skim Milk Chocolate Milk Eggnog 145 500 333 455 525 Number of Invoices 292,000 730,000 511,000 219,000 187,000 Number of Bottles Produced 373 933 653 290 270 Number of Purchase Orders 48 66 85 71 43 Number of Customers 166 304 236 144 135 Labor Hours, Warehousing 2 2 3 3 4 Number of Quality Checks per Order 87 422 345 132 112 Machine Hours, Separating 0 0 0 385 355 Machine Hours, Mixing 199 433 312 187 177 Machine Hours, Bottling 98 312 177 88 122 Labor Hours, Clean and Repair