Prepare an income statement for management. (Ignore income taxes.) (Round answers to 0 decimal places, e.g. 125.)

AYALA CORPORATION Income Statement June 30, 2017 For the Month Ended June 30, 2017 For the Year Ended June 30, 2017
Variances Materials Price Gross Profit (at standard) Sales Revenue Net Income / (Loss) Cost of Goods Sold (actual) Cost of Goods Sold (at standard) Gross Profit (actual) Labor Price Labor Quantity Overhead Selling and Administrative Expenses Total Variance Materials Quantity			$
	$	Favorable Unfavorable Neither favorable nor unfavorable
		Favorable Neither favorable nor unfavorable Unfavorable
		Unfavorable Favorable Neither favorable nor unfavorable
		Favorable Neither favorable nor unfavorable Unfavorable
		Favorable Unfavorable Neither favorable nor unfavorable
		Neither favorable nor unfavorable Favorable Unfavorable
			$