Perez Company has provided the following 2018 data: Budget Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense Variances Sales Variable product costs Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense $513,000 188,000 43,000 3,300 15,900 23,900 1,900 610 8, 100 u 4,900 F 2,000 U 1,300 U 320 F 490 F 140 U 160 F Required a. & b. Prepare a budgeted and actual income statement for internal use. Separate operating income from net income in the statements Calculate variances and identify them as favorable (F) or unfavorable (U) by comparing the budgeted and actual amounts determined. (Select "None" if there is no effect (i.e., zero variance).) PEREZ COMPANY Internal Income Statement for 2018 Budget Actual Variance Sales Vanable expenses Product costs Seling expenses Other expenses Contribution margin Fixed expenses Product costs Selling expenses Other expenses Operating income (105) Interest expense Not income (los)