Fisk Company uses a standard cost accounting system. During January, the company reported the following manufacturing variances. Materials price variance $1,200 U Labor quantity variance $750 U Materials quantity variance 800 F Overhead variance 800 U Labor price variance 550 U In addition, 8,000 units of product were sold at $8 per unit. Each unit sold had a standard cost of $5. Selling and administrative expenses were $8,000 for the month. Prepare an income statement for management for the month ended January 31, 2020. FISK COMPANY Income Statement $ $ $