thanks in advance Chegg!

$514,000 186,000 43,000 2,700 16,100 24,000 2,000 650 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 7,800 U 4,200 F 2,000 U 1,100 U 290 F 430 F 190 U 110 F Required a. & b. Prepare in good form a budgeted and actual income statement for internal use. Separate operating income from net income in the statements. Actual 506,200 ADAMS COMPANY Internal Income Statement for Year 2 Budget Sales | $ 514,000 $ Variable expenses: Product costs | $ 186,000 Selling expenses [ 43,000 Other expenses 2,700 Contribution margin Fixed expenses: Product costs $ 16,100 Selling expenses 24,000 Other expenses 2,000 Operating income (loss) Interest expense Net income (loss)