Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances Materials price variance $1,250 U Materials quantity variance Labor price variance 710 F Labor quantity variance Overhead variance $760 U 870 U 520 U In addition, 8.700 units of product were sold at $8 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 FISK COMPANY Income Statement