Solomon Company has provided the following Year 2 data $503,000 189,000 42,000 3,400 16,460 24,100 1,700 670 5 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 8,000 U 4,600 F 1.900 U 1,600 320 F 460 F 190 U 130 F Required 0. & b. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements Budget Actual Sales Variable expenses Product costs Selling expenses Other expenses Contribution margin Fixed expenses Product costs Selling expenses Other expenses Operating income (loss) Interest expense Net income (loss)