Leidenheimer Corporation manufactures small airplane propellers. Sales for year 2 totaled $1,680,000. Information regarding resources for the month follows. Resources Resources Parts management Energy Quality inspections Long-tern labor Short-term labor Setups Materials Used $ 58,000 110,000 87,000 54,000 Supplied $ 69,000 110,000 110,000 71,000 44,000 141,000 310,000 110,000 144,000 16,000 110,000 57,000 200,000 310,000 200,000 167,000 37,000 Depreciation Marketing Customer service Administrative 135,000 In addition, Leidenheimer spent $40,500 on 45 engineering changes with a cost-driver rate of $900 and $62,400 on 8 outside contracts with a cost driver rate of $7,800. 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. Required A Required B Prepare a traditional income statement. Traditional Income Statement Total costs

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is