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

Materials price variance		$1,220	U		Labor quantity variance		$870	U
Materials quantity variance		740	F		Overhead variance		840	U
Labor price variance		510	U

In addition, 9,000 units of product were sold at $9 per unit. Each unit sold had a standard cost of $5. Selling and administrative expenses were $7,060 for the month. Prepare an income statement for management for the month ended January 31, 2020.