The following account balances for Mackenzie Corporation are for the year ended December 31,2015.Complete an Income Statement for the year assuming the income tax rate is 20%. 
Definitions:
Activity-Based Costing
A method of costing that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.
Activity Rates
Predetermined rates used in activity-based costing to allocate costs to products or services based on specific activities undertaken.
Product E6
A specific product or item in a company's lineup or inventory, indicated by the designation 'E6'.
Product J2
A specific item or model produced by a company, referred to as "J2."
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