Problem 10-64 (Algo) Activity-Based Reporting: Service Organization (LO 10-3, 4) Lozier Catering and Events (LCE) offers a variety of services from small gatherings to large weddings and corporate retreats. Sa year 1 totaled $977,500. Information regarding resources for the year includes the following: Required: Management has requested that you do the following: 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. Drenare an activitv-hased income statement