Baird Company has provided the following for the year. Budget Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense Variances Sales Variable product costs Variable selling expense Other variable expenses Pixed product conto Tixed selling expense Other Fixed expenses Interest expense $520,000 190,000 48,000 2,800 16,400 23,800 1,400 730 8,000 U 4,400 F 2,300 U 1,400 U 320 F 430 F 120 U 120 a. Prepare in good form a budgeted and actual Income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (1.e., zero varlance).) 1.4 BAIRD COMPANY Internal Income Statement Budget Actual Variance Effect Salon Variable expenses ce Fixed expenses o 05 0