Carlos Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances: $750 U Materials price variance Materials quantity variance Labour price variance $1.2000 Labour quantity variance 800 F Overhead variance 550U 800U In addition, 8.000 units of product were sold at $8 per unit. Each unit sold had a standard cost of $5. Selling and administrative expenses were $8,000 for the month. Prepare an income statement for management for the month ended January 31, 2022 CARLOS COMPANY Income Statement For the Month Ended January 31, 2022 $ $