Exercise 15-6A (Algo) Income statement for internal use LO 15-3 Perez 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 $519,000 185,000 48,000 3,400 16,300 23,800 2,000 710 Sales 7,800 U Variable product costs. 4,500 F Variable selling expense 1,900 U other variable expenses 1,600 U Fixed product costs Fixed selling expense other fixed expenses Interest expense 310 F 480 F 160 U 80 F Required 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 (i.e., zero variance).)