Stuart Company has provided the following for the year. Budget Sales $502,000 Variable product costs 187,000 Variable selling expense 49,000 Other variable expenses 3,200 Fixed product costs Fixed selling expense Other fixed expenses Interest expense Variances 16,200 23,700 1,200 630 Sales 7,600 U Variable product costs 4,300 F Variable selling expense 2,400 U Other variable expenses 1,600 U Fixed product costs 290 F Fixed selling expense Other fixed expenses Interest expense 400 F 190 U 120 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 lie zero variance) Sales Variable expenses: STUART COMPANY Internal Income Statement Budget $ 69 Actual Variance 502,000 $ 494,400 $ 7,600 This is a numeric cell, so please enter numbers only. 502,000 494,400 Fixed expenses: 69 $ + 502,000 494,400 502,000 $ 494,400 Effect