Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,230 U Labor quantity variance $7.90 U Materials quantity variance 700 F Overhead variance 860 U Labor price variance 410 U In addition, 8,190 units of product were sold at $8 per unit. Each unit sold had a standard cost of $3. Selling and administrative expenses were $8,330 for the month. Prepare an income statement for management for the month ended January 31, 2020.