The following data were taken from the records of Arseneault Company for December:

Administrative expenses

Cost of goods sold $($at standard$)$

$$114,100$

Direct materials price variance$-$unfavorable

Direct materials quantity variance$-$favorable

$634,000$

$1,830$

$(720)$

Direct labor rate variance$-$favorable

$(1,240)$

Direct labor time variance$-$unfavorable

$490$

Variable factory overhead controllable variance$-$favorable

$(250)$

Fixed factory overhead volume variance$-$unfavorable

$4,190$

Interest expense

$3,150$

Sales

$996,000$

Selling expenses

$136,500$

Prepare an income statement for presentation to management. Enter all amounts as positive numbers except favorable variances. Use a minus sign to indicate favorable variances. If an amount box does not require an entry field, leave it blank.

Arseneault Company

Income Statement

For the Month Ended December $31$

Variance adjustments to gross profit at standard:

Unfavorable

Favorable

$$

$$

Operating expt:nses:

$$

Other expense:

$$

$

$$

$ $$

$$

$