Perez Company has provided the following for the year. Budget Sales Variable product costs. Variable selling expense Other variable expenses Fixed product costs Fixed selling expense Other fixed expenses Interest expense Variances Sales $507,000 199,000 41,000 3,000 15,800 23,800 2,000 740 8,200 U Variable product costs 5,000 F Variable selling expense 2,400 U Other variable expenses 1,600 U Fixed product costs 250 F Other fixed expenses Fixed selling expense. Interest expense 470 T 160 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).)