Finch Company has provided the following for the year. Budget Sales $512,000 Variable product costs 196,000 Variable selling expense 50,000 Other variable expenses 2,700 Fixed product costs. Fixed selling expense Other fixed expenses Interest expense Variances 16,300 23,500 2,200 680 Sales 8,300 U Variable product costs. 4,100 F Variable selling expense 1,800 U Other variable expenses 1,800 U Fixed product costs 240 F 390 F Fixed selling expense Other fixed expenses Interest expense 130 U 130 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 (l.e., zero varlance).) Sales Variable expenses: Fixed expenses: FINCH COMPANY Internal Income Statement Budget Actual Variance Effect