Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017.

Costs and Production Data		Actual		Standard
Raw materials unit cost		$2.00		$1.80
Raw materials units used		11,200		10,800
Direct labor payroll		$177,310		$170,240
Direct labor hours worked		14,900		15,200
Manufacturing overhead incurred		$225,608
Manufacturing overhead applied				$228,608
Machine hours expected to be used at normal capacity				41,500
Budgeted fixed overhead for June				$62,250
Variable overhead rate per machine hour				$3.20
Fixed overhead rate per machine hour				$1.50

Overhead is applied on the basis of standard machine hours. 3.20 hours of machine time are required for each direct labor hour. The jobs were sold for $500,000. Selling and administrative expenses were $41,400. Assume that the amount of raw materials purchased equaled the amount used.

Prepare an income statement for management. (Ignore income taxes.) (Round answers to 0 decimal places, e.g. 125.)