Jordan Company has provided the following for the year. Budget Sales $518,000 Variable product costs 191,000 Variable selling expense Fixed product costs Fixed selling expense other fixed expenses Interest expense Variances Sales 48,000 Other variable expenses 3,100 15,900 24,000 1,900 660 8,100 U Variable product costs. 4,600 F Variable selling expense 2,200 U Other variable expenses 2,000 U Fixed product costs. Fixed selling expense Other fixed expenses Interest expense 230F 420 F 140 U 90 F Required a. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements and indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Sales JORDAN COMPANY Internal Income Statement Budget Actual Variance Effect