Marigold 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 $790 U Materials quantity variance 700 F Overhead variance Labor price variance 860 U 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, 2017 MARIGOLD COMPANY Income Statement