Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances.

Materials price variance		$1,360	U		Labor quantity variance		$810	U
Materials quantity variance		760	F		Overhead variance		830	U
Labor price variance		490	U

In addition, 8,250 units of product were sold at $8 per unit. Each unit sold had a standard cost of $3. Selling and administrative expenses were $7,860 for the month.

Prepare an income statement for management for the month ended January 31, 2020.